Bitcoin ETFs pull in $1.32B as $1B ETH flash liquidations and heavy tokenized-derivatives losses rattle markets

US spot Bitcoin ETFs recorded $1.32 billion in net inflows in March 2026, ending a four‑month streak of outflows and marking their first monthly gain of the year — a sign of renewed institutional demand for Bitcoin specifically. Ethereum ETFs posted $46 million in outflows in March and XRP funds also finished negative, underscoring a capital rotation that favored BTC over some altcoin exposure ^[1].

Derivatives and tokenized markets experienced significant liquidations: tokenized Brent oil futures on Hyperliquid generated about $46.6 million in 24‑hour liquidations, making oil the third‑most liquidated asset behind ether ($104.5M) and Bitcoin ($98.3M) in that reporting window, and the single largest liquidation noted was a $17.17 million Brent position ^[2].

A separate report detailed an intense Ether selloff that produced roughly $1 billion in liquidations within one hour, driving ETH to about $2,038 and coinciding with collapsing open interest; Binance’s ETH reserves fell to approximately 3.3 million — the lowest level since February 2024, according to the coverage ^[3].

Gold showed mixed signals: prices softened even as physical demand rose in markets such as India, and trading activity in exchange‑traded and spot gold picked up — Binance’s gold spot trading reached nearly $80 million shortly after launch while futures turnover remained substantial — indicating uneven but active investor interest amid broader market uncertainty ^{[4] [5] [6]}.

In March, flows and market events pointed to renewed institutional interest in US spot Bitcoin ETFs alongside concentrated stress in derivatives and tokenized contracts across Ether, Bitcoin and oil; precious‑metal markets saw heightened but regionally mixed engagement, reflecting divergent investor behavior across asset classes ^{[1] [2] [3] [5] [4]}.