Bitcoin is 'abnormal' 🤪

Bitcoin ETFs have seen almost $2.5 billion in inflows over the past month, all but erasing their year-to-date outflows—behavior one analyst called "abnormal."

Author

Stephen Graves
March 25, 2026

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đź“ť What you need to know

Bitcoin ETFs have all but erased year-to-date outflows with a $2.5 billion monthly inflow streak, displaying “incredible fortitude” despite BTC’s 40% tumble from its all-time high.

The exchange-traded funds’ performance relative to their underlying asset differs markedly from traditional assets, analysts noted, with about a third of investors bailing on gold when it fell a comparable amount a decade ago. Bitcoin, said Bloomberg Intelligence’s ETF analyst Eric Balchunas, is “just abnormal.”

Bitcoin ETFs’ resilience comes as ETFs more generally account for some 37% of total U.S. stock market volume, up 13% since the start of the year. With ETFs’ regulated nature and lack of custodial challenges making them an easy on-ramp for investors, institutions are treating Bitcoin as a “core portfolio diversifier,” one researcher told Decrypt.

Bitcoin ETFs Draw in $2.5B in a Month, Close to Erasing YTD Losses

Bitcoin ETFs show "incredible fortitude" with $2.5B monthly inflows, erasing YTD losses despite a 40% price drawdown, experts say.

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 đź’¬ Quote of the Day

âťť

“when gold fell 40% in short time frame about 10yrs ago, it saw 1/3 of its investors bail (not that that's bad either, that's normal, btc is just abnormal)”

Bloomberg Intelligence analyst Eric Balchunas on Bitcoin ETFs’ performance.

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