Bitcoin ETFs Log First Positive Month Since October as Geopolitics Drive Inflows

Bitcoin exchange-traded funds (ETFs) saw a $1.32 billion influx of capital in March, marking their first positive month since October 2025. This marks a significant recovery from previous months, but not enough to offset losses.

The category's net inflows were largely driven by investors seeking refuge from rising geopolitical tensions linked to the Middle East conflict.

Despite this influx of capital, Bitcoin ETFs ended Q1 with roughly $500 million in net outflows. This is due in part to January's $1.61 billion in redemptions and February's $207 million in outflows.

Bitcoin itself declined more than 22% over the same period, its second consecutive quarterly loss after a 23% drop in Q4 2025.