US spot Bitcoin ETFs ended Q1 2026 with roughly $500 million in net outflows, despite a rebound in March. According to SoSoValue, the funds attracted $1.32 billion in March inflows—the first monthly gain since October 2025—but that was not enough to offset $1.61 billion of redemptions in January and about $207 million in February.
The outflows coincided with a sharp drop in Bitcoin, which fell more than 22% in Q1 after a 23% decline in Q4 2025, per CoinGlass. Investor sentiment remained cautious: the Crypto Fear & Greed Index largely stayed below 20 for much of March, a reading classified as “Extreme Fear.” Analysts noted that inflows in March signaled some resilience in crypto investment products despite rising geopolitical tensions linked to the Middle East conflict.
Trading activity in spot Bitcoin ETFs eased over the quarter. Monthly volume fell to about $79 billion in March, down from $93 billion in February and $87 billion in January. Cumulative inflows into U.S. spot Bitcoin ETFs reached roughly $56 billion by quarter-end, with total assets under management near $87.5 billion.
Other spot crypto ETFs showed mixed results. Ether ETFs posted around $46 million in net outflows in March and suffered the largest quarterly decline, about $769 million, after three straight months of withdrawals. XRP ETFs saw approximately $31 million of outflows in March but finished the quarter with net inflows of roughly $43 million. Solana ETFs continued to build momentum, recording consecutive inflows totaling about $213 million for the quarter and no monthly outflows since their October 2025 debut.
This report was prepared to summarize market flows and performance; readers should verify figures independently and consult original sources where needed.