US spot Bitcoin ETFs ended Q1 in the red, with about $500 million of net outflows despite March inflows, as sentiment remained weak amid geopolitical tensions.
US spot Bitcoin exchange-traded funds (ETFs) finished the first quarter of 2026 with net outflows, even after March delivered the category’s first monthly inflows of the year.
Spot Bitcoin (BTC) ETFs recorded $1.32 billion in March inflows, the first monthly gain of 2026 and the first since October 2025, according to SoSoValue.
The inflows were not enough to offset monthly redemptions of $1.61 billion in January and $207 million in February, resulting in roughly $500 million in net outflows in Q1.
