Bitcoin ETFs Bleed $243M Amid Market Pullback — Is the Rally Over?
Bitcoin spot exchange-traded funds recorded a pointy reversal in each day flows on January 6, shedding a mixed $243.24 million as markets pulled again.
The pullback raises recent questions on whether or not the current rally is dropping momentum or just pausing after weeks of heavy inflows.
The outflow marked a transparent distinction to the prior buying and selling periods, however broader information suggests investor curiosity stays structurally intact relatively than damaged.
Bitcoin ETFs See Brief Dip, however Big Money Stays Put
SoSoValue information shows that regardless of the one-day drawdown, cumulative web inflows throughout all U.S. spot Bitcoin ETFs stood at $57.54 billion since launch.
Total belongings held by the merchandise amounted to $120.85 billion, equal to about 6.54% of Bitcoin’s complete market capitalization.
Trading exercise additionally remained lively, with $4.33 billion in worth exchanged throughout the funds on the day, pointing to repositioning relatively than an outright exit.
Fund-level information reveals that the pullback was not evenly distributed.
BlackRock’s iShares Bitcoin Trust continued to soak up capital, recording a each day web influx of $228.66 million, equal to roughly 2,470 BTC.
IBIT now holds $72.15 billion in web belongings, with cumulative inflows of $62.98 billion, giving it the largest share of the Bitcoin ETF market.
The fund traded greater than $529 million in worth on the day, at the same time as its worth slipped 1.33% to $51.76.
The total outflow was pushed largely by redemptions elsewhere.
Fidelity’s FBTC noticed $312.24 million exit the fund, the largest each day outflow amongst issuers, whereas Grayscale’s GBTC continued its long-running bleed with $83.07 million leaving on the day.
GBTC’s cumulative web outflows have now reached $25.32 billion, although it nonetheless holds $15.17 billion in belongings.
Grayscale’s newer low-fee BTC product additionally recorded a $32.73 million outflow, whereas ARK 21Shares’ ARKB and VanEck’s HODL posted smaller redemptions.
Several funds, together with Bitwise’s BITB and Invesco’s BTCO, noticed flat flows, suggesting a pause relatively than a broad exit.
ETF Volatility Emerges, however Bitcoin Shows Resilience
The unfavorable each day print adopted a powerful begin to the yr. On January 5, Bitcoin ETFs posted $697.25 million in web inflows, whereas January 2 noticed $471.14 million enter the merchandise.
On a weekly foundation, flows remained optimistic, with $454.01 million added by the week ending January 6.
January as an entire has already logged $925.15 million in web inflows, reversing December’s $1.09 billion month-to-month outflow and pushing complete belongings greater month over month.
Bitcoin itself has proven resilience regardless of ETF volatility. The asset is buying and selling round $91,119, up 3.1% over the previous 24 hours, with each day buying and selling quantity rising greater than 22% to $61.56 billion.
While nonetheless practically 28% under its all-time high of $126,080, Bitcoin has posted modest features throughout weekly and biweekly time frames, reinforcing the view that the ETF pullback aligns with routine profit-taking relatively than a decisive pattern reversal.
Broader developments proceed to help that interpretation. Spot Bitcoin ETFs generated roughly $21.8 billion in web inflows throughout 2025, making them one in all the most profitable ETF product launches on document, at the same time as inflows slowed from 2024’s tempo.
Institutional engagement additionally seems to be increasing.
Morgan Stanley filed registration statements on January 6 to launch its personal spot Bitcoin ETF, alongside proposed Ethereum and Solana trusts.
@MorganStanley information an S-1 registration with the @SECGov for a Bitcoin Trust and Solana product.#CryptoAdoption #Bitcoinhttps://t.co/rOFrtNJUMh
— Cryptonews.com (@cryptonews) January 6, 2026
The transfer reveals the ongoing curiosity from main monetary establishments, at the same time as short-term flows fluctuate.
Meanwhile, Ethereum spot ETFs continued to draw capital. U.S. ETH ETFs recorded $114.74 million in web inflows on the identical day Bitcoin merchandise noticed outflows, lifting cumulative ETH inflows to $12.79 billion.
BlackRock’s ETHA once more led the group, highlighting that investor demand for regulated crypto publicity stays diversified relatively than singularly centered on Bitcoin.
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