Key Insights:
- Bitcoin (BTC) ETFs in the U.S. bagged significant inflows on Tuesday, March 31.
- BlackRock’s IBIT took the lead as total ETF inflows surpassed $117 million.
- BTC price remained steady as it neared the $69,000 level today.
Spot Bitcoin ETFs are pulling in fresh money again, even though some institutions are sending mixed signals. Farside Investors’ recent data shows a boost in BTC ETF demand toward the end of March.
The uptick came as the BTC price climbed back near $69,000. However, technical barriers could make things choppy for the Bitcoin (BTC) price in the short term.
Spot Bitcoin ETFs Make A Comeback With Major Inflows
On March 31, the Bitcoin ETFs pulled in a net inflow of $117.5 million. BlackRock’s IBIT led the pack, grabbing $98.4 million, according to Farside UK data.
Fidelity’s FBTC brought in $16.2 million. Bitwise and ARK chipped in smaller amounts, and a few issuers basically saw no movement.
The latest revival follows a pretty rocky stretch, with major outflows earlier in March. At the time, spot BTC ETFs saw outflows of $163.5 million on March 18 and $225.5 million on March 27.
Looking at the numbers since inception, IBIT is clearly in the lead, bringing in over $63.2 billion, which leaves FBTC’s $11 billion in the dust. On the other hand, Grayscale’s GBTC is still losing ground, with $26 billion in net outflows. It signals that investors are leaving money for lower-fee options.
These fresh inflows are happening despite some negative moves from other institutions. CoinShares reportedly transferred 10,720 BTC worth about $720 million to new wallets in just two days. That’s their largest BTC outflow ever.
Meanwhile, MicroStrategy hit the pause button on its relentless Bitcoin buying. Last week, the company didn’t add anything new to its BTC stash. This move ended its 13-week streak of buying.
According to on-chain data, Michael Saylor’s MicroStrategy added 90,831 BTC through a series of equity sales and convertible notes. Purchases peaked from March 2 to March 15, which included a staggering $1.57 billion purchase. By March 23, the pace fell off, down to just 1,031 BTC.
MicroStrategy’s holding now stands at 762,099 Bitcoin, with an average cost of $75,694 per BTC. It owns more than 2.8% of all Bitcoin out there.
BTC Price Stabilizes Around $68,500 Today
Meanwhile, Bitcoin (BTC) price stands at a critical point. Analyst Ted Pillows said, “BTC got rejected from the $69,000-$70,000 resistance zone. Earlier this acted as a support for Bitcoin and has now flipped into resistance.”
Looking at the chart shared by Pillows, Bitcoin is trading lower after failing to stay above $85,000. BTC price is seeing lower highs heading into early 2026. After dropping below $80,600, the BTC price tumbled to the mid-$60,000s, then entered a phase of sideways consolidation.
Right now, the Bitcoin price is stuck between the $65,000 and $70,000 range. Further resistance points sit at $72,800 and $76,400.
The chart suggests a short-term rally toward these resistance zones is possible if momentum picks up. If selling gets heavier, BTC could fall toward the support zone around $60,400 and $55,100.
At press time, Bitcoin price traded near $68,565, up 3.32% on Wednesday, April 1. Whilst Bitcoin ETF inflows are trying to balance out slower moves from institutions, and signs of distribution showing up on-chain.