While Ethereum (ETH) and
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Bitcoin ETFs End the Negative Spell
Bitcoin ended the first quarter of 2026 by breaking a five-month negative streak and closed with a positive performance for the first time since September 2025. The flagship crypto has been on a downtrend over the past six months, recovering more than 50% from its October all-time high of $126,000.
With the price ending the month in green, US spot BTC-based ETFs also ended a multi-month negative streak on Tuesday. According to SoSoValue factsthe funds raised $1.32 billion in March, posting their first monthly profit in 2026.
This category has been recording outflows since November, with cumulative outflows of about $6.3 billion through February. Nate Geraci, co-founder of the ETF Institute, previously highlighted that spot Bitcoin ETF investors have “largely shown diamond hands” despite the ongoing market correction and negative sentiment.
As reported by NewsBTC, Geraci argued that the funds’ cumulative outflows since the October 10 crash were insignificant compared to the $56 billion in cumulative total net inflows the category has experienced since its debut in January 2024.
Despite the positive month-end, BTC ETFs ended a four-week inflow streak after investors withdrew $296.18 million from the investment products. In addition, the funds ended the first quarter on a negative note as March inflows failed to offset $1.81 billion in January and February redemptions.
Therefore, spot Bitcoin ETFs ended the first quarter of 2026 with outflows of $496 million, their second-worst quarterly performance after the cumulative outflows of $1.15 billion in the fourth quarter of 2025.
Solana leads the performance of Altcoin ETFs
Like Bitcoin, Solana (SOL) ETFs ended March on a positive note, leading altcoin-based funds with inflows worth $45.44 million. This performance brought quarterly inflows into SOL investment products to $213.1 million.
Notably, the category has not seen any monthly outflows since its launch in October 2025, with six consecutive months of inflows. Following this performance, Solana ETFs are approaching the $1 billion milestone, with cumulative net inflows currently reaching $979.3 million.
Nevertheless, Ethereum funds tell a different story, closing the month with an outflow of $46 million. Unlike Bitcoin, the second-largest cryptocurrency extended its negative streak to five months, recording total outflows worth $3.21 billion since November.
Furthermore, ETH investment products saw outflows of $769 million in the first quarter. CoinShares recently report noted that Ethereum led all assets in outflows last week, losing more than $200 million for the second week in a row, which could indicate that institutional demand for the second-largest cryptocurrency has declined.
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Meanwhile, XRP funds recorded their first monthly outflows after investors withdrew $31.3 million from the ETFs. The category has achieved remarkable performance since its launch in November, with inflows of over $1.24 billion in the first four months.
It’s worth noting that despite the March setback, XRP ETFs saw positive net flows worth $42.52 million in the first quarter of 2026, behind only Solana funds.
Featured image from Unsplash.com, chart from TradingView.com