Weekly flows remained strong, with $787.31 million in the last week of February, followed by $568.45 million and $767.33 million, $95.18, and $167.23 million in nearly four weeks of March, bringing the past month’s total inflows to approximately $2.5 billion.
“After a brutal five-week stretch of outflows in February, March 2026 saw a ‘structural bid' return,” Markus Levin, Co-founder of DePIN project XYO, told Decrypt. “US-listed Bitcoin ETFs attracted nearly $2.8 billion in net inflows by mid-March, effectively neutralizing earlier losses.”
Broader institutional interestBitcoin’s resilience comes as ETFs increasingly dominate broader markets.
ETF trading is taking over the US stock market:
ETFs now account for 37% of total US stock market volume, the highest monthly average on record.
This percentage has soared +13 points since the start of 2025.
“Institutional investors are increasingly using ETFs as the primary tool for hedging, shorting, or reducing exposure to the broader market, rather than selling individual stocks,” The Kobeissi Letter wrote. “Record ETF activity signals how aggressively hedge funds are repositioning as volatility intensifies.”
The decoupling signals Bitcoin is now trading as a "forward-looking liquidity asset"—pricing in institutional positioning rather than short-term macro noise, unlike equities and gold, Levin explained.
The growth in ETFs, in general, is due to their regulated nature, making them simple and easy to access, without custody hassle, Andri Fauzan Adziima, research lead at crypto exchange Bitrue, told Decrypt.
“For Bitcoin, this means massive on-ramp efficiency—flows are rotating from gold ETFs into Bitcoin ETFs," Adziima said, adding that it signals that institutions are "treating Bitcoin as a core portfolio diversifier, supporting sustained billions in inflows, and a tighter supply going forward.”
The shift in institutional positioning extends beyond Bitcoin ETFs.
For now, the March inflow surge has positioned Bitcoin ETFs to fully recover their early-year losses with one strong day. IBIT, BlackRock's spot Bitcoin ETF, has already flipped positive for the year and ranks in the top 2% of all ETFs for year-to-date flows, according to Balchunas.
If this outlook continues, with a stabilized macro and geopolitical outlook, experts believe it could trigger an extended recovery rally for Bitcoin and the broader crypto market rather than another leg down.
