Crypto exchange-traded funds have attracted roughly $2.6bn in net inflows over the past month, even as Bitcoin has remained largely rangebound around $70,000.
Crypto ETFs Pull in $2.6bn as Flows Rebound Despite Flat Bitcoin Price
25 March 2026 - 11:20 CET
By Matt Neill
The rebound marks a sharp reversal from early March, when escalating conflict between the US, Israel and Iran triggered heavy outflows and a broader risk-off move across global markets.
The latest data suggests institutional demand has stabilized despite subdued price action, with flows increasingly decoupling from short-term market momentum.
BlackRock funds dominate renewed inflows
BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the majority of recent inflows, pulling in approximately $803.3mn between 6 Mar and 24 Mar, according to Farside Investors data.
The fund has continued to consolidate its position as the preferred vehicle for institutional exposure to Bitcoin, absorbing the bulk of new capital as competitors saw more muted activity.
Ether ETFs have also returned to net inflows over the same period, with BlackRock’s ETHA emerging as the dominant product in that segment, mirroring the concentration seen in Bitcoin funds.
Meanwhile, Grayscale’s GBTC Bitcoin fund, which charges fees of 1.5% compared to IBIT’s 0.25%, has experienced $85.7mn in outflows over the same period.
Flows recover as markets digest geopolitical shock
The turnaround comes after a sharp sell-off in early March, when rising geopolitical tensions and a surge in oil prices above $100 per barrel triggered widespread risk aversion.
At the time, crypto ETFs experienced significant redemptions as investors reduced exposure alongside equities and other risk assets. The subsequent rebound in flows suggests that institutions are re-entering positions even without a clear directional move in underlying prices.
That dynamic highlights a more structural allocation trend, with ETF flows increasingly driven by portfolio positioning rather than short-term price momentum.
Bitcoin’s stability around $70,000 appears sufficient to support renewed inflows, even as broader macro uncertainty continues to shape investor behaviour.
