The ETFs with the biggest outflows of March 2024

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Overall, March 2024 was a very strong month for exchange-traded funds. But not every ETF shared the wealth.

Last month, U.S. ETFs took in a net inflow of $102.5 billion, a 77% jump from February. But even amid that bonanza, some funds lost billions of dollars. At the high end, one fund lost more than $6 billion in investor cash.

Why do some funds soar while others plunge, all in the same economic environment? There are many reasons. Sometimes, as was the case with Grayscale's Bitcoin Trust ETF, excessive fees can hurt a fund's prospects. Or damaging news, like the collapse of FTX, can drag down a particular product — as was also the case with Grayscale's ETF. (By now you can probably guess which fund is No. 1 on this list.)

Whatever the reason, 20 U.S. ETFs lost more investor dollars than any others last month. To see the full list, scroll through the cardshow below. All data is from Morningstar Direct and is current as of April 4, 2024.

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