The 4 Highest Trading Rates in the Last Month

With approximately $91 billion in total assets, Bitcoin ETFs now represent approximately 6.4% of the BTC market value.

Spot Bitcoin exchange-traded funds (ETFs) had their busiest trading days ever in March 2026.

This is according to data shared by market intelligence firm Santiment, which showed that four periods of high volume occurred last month as institutional demand returned and crypto markets remained volatile.

A Month of Records

Santiment made a revelation in a post on X on March 20, where it said that on March 2 it recorded the highest volume of Bitcoin ETF trading at $ 31.6 billion. It was followed by February 23, with $23.2 billion. Most recently, March 18 and March 19 saw $21.4 billion and $21.1 billion, respectively, making them the third and fourth highest grossing days.

However, even with increased trading activity, the flow data suggests that sentiment is mixed. For example, statistics from SoSoValue show that Bitcoin spot ETFs saw daily net outflows of nearly $90 million on March 19. This was part of a short-term pullback after several days of inflows at the beginning of the month. Total assets are close to $91 billion, which is about 6.4% of Bitcoin’s market value, while total revenue is still around $56 billion.

Yesterday, BlackRock’s IBIT and Fidelity’s FBTC recorded the largest daily outflows, with outflows of 544 BTC and 370 BTC, as trading volumes were high. The divergence suggests that investors are repositioning rather than adding exposure, even though holdings are high.

Meanwhile, analyst Axel Adler Jr. has pointed out that Bitcoin ETF holders are currently underwater, and their exact price stands at just under $80,000. Despite this situation, Adler noted that the total value of the ETF increased by more than 26,000 BTC in the last few weeks after the exit period in February.

The analyst said that the profit gap could affect the behavior of investors if prices approach the level of $80,000, as some of them may want to exit their positions near the breach.

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Price Volatility Conflicts with Institutional Positioning

Meanwhile, Bitcoin briefly dipped below $70,000 for the first time in a week following the recent FOMC announcement. However, it had bounced back a bit at the time of writing and was trading near $70,500.

It also fell about 1.6% in seven days, but did better than last month, when it gained about 4%. In addition, the dominance of Bitcoin, according to CoinGecko, has increased slightly from 56.3% of yesterday to about 56.5%, as it asserts over altcoins.

According to Santiment, the current situation has been affected by ongoing geopolitical tensions and a pull back from traditional markets. But analysts believe that ETF trading rates may remain high as investors adjust their positions in response to major and crypto-specific changes, particularly both inflows and outflows that occur in rapid succession.