The Bitcoin Spot ETFs are experiencing a tumultuous beginning to 2026, characterized by dramatic fluctuations. Following an impressive influx of $1.42 billion in weekly netflows on January 16, a subsequent downturn mirrored Bitcoin’s decrease, culminating in a significant $1.33 billion outflow last week. A parallel trend unfolded in the initial weeks of the year, where a substantial $458.77 million deposit by January 2 was quickly offset by a $681.01 million withdrawal by January 9. This erratic investor behavior indicates a market driven by short-term sentiments rather than robust long-term confidence.
Challenges Plague Bitcoin Spot ETF Landscape
Recent analysis highlights a troubling trend in the Bitcoin Spot ETF sector. According to data from SoSoValue, the fourth week of January saw no days with positive netflows. The most significant outflow, totaling $708.71 million, occurred on January 21, while a smaller outflow of $32.11 million was recorded the following day.
When examining specific funds, BlackRock’s IBIT, a leading player in this market, encountered the largest outflow at $537.49 million. Fidelity’s FBTC closely followed, experiencing withdrawals that exceeded inflows by $451.50 million. Other notable ETFs suffering from substantial net outflows included Grayscale’s GBTC, Bitwise’s BITB, and Ark Invest’s ARKB, which logged losses of $172.09 million, $66.25 million, and $76.19 million, respectively.
Additionally, VanEck’s HODL, Valkyrie’s BRRR, and Franklin Templeton’s EZBC faced net outflows ranging from $6 million to $11 million. Conversely, Grayscale’s BTC, Invesco’s BTCO, WisdomTree’s BTCW, and Hashdex’s DEFI recorded no movement in netflows. As of now, the total net assets across Bitcoin Spot ETFs are valued at $115.88 billion, with BlackRock’s IBIT dominating with a remarkable 54% market share. The cumulative total net inflow is currently estimated at $56.49 billion.
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Crisis Hits Ethereum Spot ETFs with Massive $611M Redemptions
In a similar turn of events, Ethereum Spot ETFs faced considerable redemption amounts last week, leading to a net outflow of $611.17 million as reported by SoSoValue. The leading fund, BlackRock’s ETHA, witnessed the largest withdrawal, clocking in at $431.50 million. At present, the Ethereum Spot ETFs hold net assets valued at $17.70 billion, which constitutes roughly 4.99% of Ethereum’s overall market capitalization. Additionally, the total cumulative net inflow in this sector stands at $12.30 billion.
