Bitcoin spot ETFs have kicked off 2026 in whipsaw fashion, with investors repeatedly reversing course as Bitcoin’s price moves. After an eye-catching $1.42 billion in weekly inflows on January 16, the market swung the other way and recorded a $1.33 billion net outflow in the most recent week, data from SoSoValue shows. This pattern isn’t new this month. The first two weeks of January saw a similar flip: an initial $458.77 million deposit by January 2 was followed by $681.01 million in net withdrawals by January 9. The flows point to a highly reactive investor base that’s trading around short-term momentum rather than holding steady. The fourth trading week of January was uniformly negative: SoSoValue reports there wasn’t a single day with a positive net flow. The largest daily redemption hit $708.71 million on January 21, while the smallest daily outflow was $32.11 million on January 22. Looking at individual funds, BlackRock’s IBIT — the market leader — led the exodus with $537.49 million in net outflows. Fidelity’s FBTC was close behind, with redemptions exceeding deposits by $451.50 million. Grayscale’s GBTC, Bitwise’s BITB and Ark Invest’s ARKB also saw sizeable withdrawals of $172.09 million, $66.25 million and $76.19 million, respectively. VanEck’s HODL, Valkyrie’s BRRR and Franklin Templeton’s EZBC recorded smaller outflows in the $6–$11 million range. By contrast, Grayscale’s BTC, Invesco’s BTCO, WisdomTree’s BTCW and Hashdex’s DEFI showed no net flow activity during the period. Total net assets across Bitcoin spot ETFs stood at $115.88 billion at press time, with BlackRock’s IBIT holding more than 54% of that sum. Cumulative net inflows into the suite of Bitcoin spot ETFs remain at $56.49 billion. Ethereum spot ETFs saw heavy redemptions as well. SoSoValue reports a $611.17 million net outflow in the latest trading week, led by BlackRock’s ETHA with $431.50 million in withdrawals. Total net assets for Ethereum spot ETFs are $17.70 billion — about 4.99% of Ethereum’s market capitalization — while cumulative net inflows into the product group sit at $12.30 billion. The rapid reversals in inflows and outflows highlight a short-term, performance-driven trading environment for spot crypto ETFs, underscoring how closely investor behavior is tracking spot price swings. Read more AI-generated news on: undefined/news