US spot Bitcoin ETFs are still drawing fresh money even after a steep market decline. Bloomberg senior ETF analyst Eric Balchunas said that Bitcoin ETFs have recorded $2.5 billion in inflows so far in March 2026, leaving them close to erasing the net outflow gap accumulated earlier this year.
March inflows have rebounded quickly
In a recent post, Balchunas said fund flows into Bitcoin ETFs have bounced back at a fast pace despite weak sentiment and a stream of negative headlines. According to his view, one more strong inflow day could be enough to offset all net outflows seen since the start of 2026.
BlackRock’s iShares Bitcoin Trust, trading under IBIT, has stood out within the group. Its year-to-date inflow performance has already placed it in the top 2% of all US ETFs, showing that institutional allocations have not disappeared during the recent pullback.
Bitcoin ETF holders showed stronger staying power than gold investors
Balchunas also compared current Bitcoin ETF flow behavior with a past selloff in gold. The source material states that Bitcoin has fallen 40% over the last six months, yet ETF investors have not exited in large numbers and have kept adding exposure instead.
That differs from the gold example he cited. Around a decade ago, when gold dropped 40% in a short period, roughly one-third of investors pulled money out. Balchunas described the resilience in current Bitcoin ETF flows as striking, especially with negative media coverage and weak price action dominating the market.
Institutional access stories are adding to market focus
Other developments tied to institutional demand have also appeared in the market. Strategy Inc. said it plans to raise $42 billion through an ATM program to continue buying Bitcoin. Separately, the market has circulated reports that Morgan Stanley may soon launch related ETF products, potentially widening access channels for larger investors.
With the first quarter of 2026 nearing its end, attention is now on whether aggregate Bitcoin ETF flows can turn positive for the year. Based on the latest figures, a monthly inflow of $2.5 billion during a 40% drawdown has become one of the clearest signals being watched in the institutional Bitcoin trade.