As the first quarter wrapped up, U.S. equity indices extended their winning streak, gold prices reached record levels, and the market cap of Bitcoin surged over $500 billion in just three months.
March witnessed significant activity in the exchange-traded fund (ETF) market, with certain funds attracting substantial inflows, indicating a shift in investor sentiment.
Two newly launched Bitcoin-related ETFs swiftly climbed into March’s top 10 for inflows, signaling a notable move towards embracing cryptocurrency within mainstream investment strategies.
According to analysts at Canaccord Genuity, this favorable trend is expected to persist, with retail investors increasingly looking to include Bitcoin ETFs in tax-advantaged accounts like IRAs.
A recent analysis by Bank of America revealed a shift in investor behavior, as ETF inflows outpaced single stock inflows for the first time in five weeks.
Here is a detailed breakdown of the top 10 ETFs by inflows in March, offering insight into where investors are placing their bets.
| Rank | ETF Name | Inflows (USD) |
|---|---|---|
| 1 | SPDR S&P 500 ETF Trust SPY | 21.288 B |
| 2 | Vanguard S&P 500 ETF VOO | 8.294 B |
| 3 | iShares Bitcoin Trust IBIT | 7.322 B |
| 4 | iShares S&P 500 Growth ETF IVW | 4.808 B |
| 5 | iShares MSCI USA Quality Factor ETF QUAL | 3.931 B |
| 6 | BlackRock U.S. Equity Factor Rotation DYNF | 3.597 B |
| 7 | Fidelity Wise Origin Bitcoin Fund FBTC | 3.018 B |
| 8 | iShares U.S. Treasury Bond ETF GOVT | 2.783 B |
| 9 | Vanguard Total Stock Market ETF VTI | 2.693 B |
| 10 | Invesco QQQ Trust, Series 1 QQQ | 2.682 B |
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