Cumulative net inflows into U.S. spot Bitcoin ETFs have fallen to their lowest level since January 2

February, the US spot Bitcoin ETF only had net inflows for 5 days, and as of March, there has only been 1 day of net inflows. Since the beginning of 2025, the cumulative net inflow of ETFs has been basically wiped out. SoSoValue data shows that the current cumulative net inflow of these funds is $35.2 billion, which is only $200 million more than the $35 billion on January 2, 2025 (the first trading day).