Only Grayscale’s Bitcoin Mini Trust ETF (BTC) had a net positive performance in March so far as broader crypto markets enter a bearish phase.
Nearly all United States spot Bitcoin exchange-traded funds (ETFs) had net negative performances in March as analysts expect a bearish Bitcoin trend of up to 12 months.
Farside Investors data showed that spot Bitcoin ETFs struggled in March, with net outflows surpassing their monthly net inflows. Asset manager BlackRock’s iShares Bitcoin Trust ETF (IBIT) suffered the most, with outflows reaching $552 million and inflows of only $84.6 million.
According to the data, Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw outflows of over $517 million and had inflows of only $136.5. The data also showed that Grayscale’s Bitcoin Trust ETF (GBTC) had outflows of over $200 million and had zero inflows.
