Bitcoin spot exchange-traded funds (ETFs) posted their strongest month of 2026 so far, drawing $1.32 billion in March even as market sentiment remained cautious. Solana-based products led altcoin inflows, while Ethereum and XRP funds recorded monthly redemptions. Despite March’s rebound, Bitcoin ETFs still finished the first quarter with net outflows.
Bitcoin ETFs Break Multi-Month Slide
Bitcoin closed March in positive territory for the first time since September 2025, ending a five-month decline that saw the asset retrace more than 50% from its October 2025 all-time high of $126,000.
According to SoSoValue data, U.S. spot Bitcoin ETFs attracted $1.32 billion in March, marking their first monthly net inflows of 2026 after four straight months of redemptions. From November through February, the category saw roughly $6.3 billion in cumulative outflows.
Nate Geraci, co-founder of the ETF Institute, noted that spot Bitcoin ETF investors have largely shown resilience during the downturn, adding that recent outflows are modest relative to the approximately $56 billion in cumulative net inflows these funds have taken in since their January 2024 launch.
Quarterly Picture Still Negative
Despite March’s recovery, weekly data showed a setback late in the month, with about $296.18 million withdrawn and a four-week inflow streak snapped. For the full first quarter, spot Bitcoin ETFs recorded $496 million in net outflows, their second-worst quarter after the $1.15 billion of redemptions in Q4 2025.
Altcoin ETF Flows: Solana Strength, Ethereum Weakness
Solana ETFs led altcoin products in March with $45.44 million of net inflows, bringing Q1 inflows to $213.1 million, per SoSoValue. Since launching in October 2025, Solana funds have not posted a negative month, logging six consecutive months of inflows and accumulating $979.3 million overall—just shy of the $1 billion milestone.
Ethereum funds moved in the opposite direction, recording $46 million in March outflows and extending a five-month negative streak. Since November, ETH products have shed $3.21 billion, including $769 million in Q1 alone. A recent CoinShares report said Ethereum led all assets in outflows last week, with more than $200 million leaving the products for a second consecutive week, suggesting institutional demand may be cooling.
XRP Sees First Monthly Redemptions But Positive Q1
XRP ETFs posted their first monthly outflows in March, with investors withdrawing $31.3 million. Even so, the category maintained positive flows for the quarter, finishing Q1 with $42.52 million in net inflows. Since launching in November 2025, XRP funds have accumulated more than $1.24 billion of net inflows in their first four months.