BroadChain has learned that on March 25, Bloomberg Senior ETF Analyst Eric Balchunas noted that spot Bitcoin ETFs have seen $2.5 billion in net inflows this month, putting them within striking distance of fully erasing their year-to-date outflows.
Among them, BlackRock's IBIT has already flipped its year-to-date net flows into positive territory, now ranking in the top 2% of all ETFs by year-to-date flows.
Balchunas pointed out that ETF flows have shown remarkable resilience despite Bitcoin's roughly 40% price drop over the past six months and the prevailing negative sentiment.
For context, when gold fell by about 40% in a short period a decade ago, roughly one-third of investors exited their positions. In contrast, Bitcoin investors have demonstrated significantly stronger holding behavior.
Balchunas clarified that this observation is not meant to disparage gold investors—rather, it highlights just how unusual the Bitcoin scenario is.