Only one US Bitcoin spot ETF has posted a profit this month

As the cryptocurrency market entered a general downturn in March, only one Bitcoin exchange-traded index fund (ETF) recorded a net gain.
While most U.S. Bitcoin spot ETFs recorded net losses during March, Grayscale's Bitcoin Mini Trust ETF (BTC)
Experts expect Bitcoin's bear market to continue for up to 12 months.
Bitcoin spot ETFs have been struggling since the start of March, with net outflows exceeding net inflows, according to data from Investors.
In particular, BlackRock's iShares Bitcoin Trust ETF (IBIT) saw $552 million in outflows.
Fidelity's Wise Origin Bitcoin Fund (FBTC) was the hardest hit, with inflows of just $84.6 million.
More than $117 million was withdrawn, while inflows were only $136.5 million. Grayscale's Bitcoin Trust ETF (GBTC) also saw more than $200 million inflows,
The only exception to this is Grayscale's Bitcoin Mini Trust ETF, which saw zero net outflows and recorded a net inflow of over $55 million during March.
As of March 17, total outflows from Bitcoin spot ETFs exceeded $1.6 billion, while inflows during the same period were only $351 million. This brings the total net outflow to
It reached about $1.3 billion.