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At nearly $91 billion in total net assets, spot Bitcoin ETFs now represent about 6.4% of BTC’s entire market value.
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Summarize with AI
Summarize with AI
Spot Bitcoin exchange-traded funds (ETFs) have had some of their busiest trading days ever in March 2026.
This is according to data shared by market intelligence firm Santiment, which showed that four of the highest-volume sessions all happened in the past month as institutional demand came back and crypto markets stayed volatile.
A Month of Records
Santiment made the revelation in a post on X on March 20, where it said that March 2 recorded the highest volume for Bitcoin ETF trading at $31.6 billion. It was followed by February 23, with $23.2 billion. More recently, March 18 and March 19 saw $21.4 billion and $21.1 billion, respectively, making them the third and fourth highest days ever.
However, even with the surge in trading activity, flow data suggests sentiment is mixed. For example, figures from SoSoValue show that Bitcoin spot ETFs saw a daily net outflow of about $90 million on March 19. This was part of a short-term pullback after several days of inflows earlier in the month. Total net assets are close to $91 billion, which is about 6.4% of Bitcoin’s market value, while total cumulative inflows are still around $56 billion.
Yesterday, BlackRock’s IBIT and Fidelity’s FBTC recorded the largest daily outflows, with about 544 BTC and 370 BTC exiting, even as trading volumes were high. The divergence suggests that investors are repositioning rather than adding exposure, even though participation is high.
In the meantime, analyst Axel Adler Jr. has pointed out that Bitcoin ETF holders are currently underwater, with their realized price standing at just under $80,000. Despite the situation, Adler noted that the total number of ETF holdings went up by more than 26,000 BTC in the last few weeks after a period of outflows in February.
The analyst stated that the profit gap could influence investor behavior if prices get near the $80,000 level, as some of them may want to get out of their positions near breakeven.
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Price Volatility Clashes With Institutional Positioning
Meanwhile, Bitcoin briefly dipped below $70,000 for the first time in a week following the recent FOMC announcement. However, it had bounced back slightly at the time of writing and was trading closer to $70,500.
It is also down about 1.6% over seven days, but has done better in the past month, where it gained around 4%. Additionally, Bitcoin’s dominance, according to CoinGecko, has moved up slightly from yesterday’s 56.3% to about 56.5%, as it asserts itself over altcoins.
According to Santiment, the current situation has been affected by ongoing geopolitical tensions and pullbacks in traditional markets. But the analysts believe that ETF trading volumes may stay high as investors adjust their positions in response to macro and crypto-specific changes, especially with both inflows and outflows appearing in quick succession.
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Source: https://cryptopotato.com/bitcoin-etfs-smash-records-4-highest-trading-volumes-ever-all-in-past-month/



