Turbulence has defined the start of 2026 for spot crypto ETFs, with flows swinging wildly week to week as Bitcoin’s price action drives rapid investor reactions. After a blockbuster inflow of $1.42 billion during the week ending January 16, Bitcoin spot ETFs reversed course alongside a pullback in BTC, recording a net outflow of $1.33 billion in the most recent week, according to SoSoValue. This flip-flop echoes January’s opening fortnight, when an initial deposit wave of $458.77 million by January 2 was followed by $681.01 million of net redemptions by January 9—signaling a market that’s highly reactive and largely momentum-driven rather than steadily accumulative. SoSoValue’s data shows the fourth trading week of January had no single day of positive net flows for Bitcoin ETFs. The largest daily exit was $708.71 million on January 21, while the smallest daily outflow that week was still $32.11 million on January 22. On a fund-by-fund basis, market leader BlackRock’s IBIT led the withdrawals with $537.49 million of net outflows, with Fidelity’s FBTC close behind at $451.50 million. Grayscale’s GBTC, Bitwise’s BITB and Ark Invest’s ARKB also saw significant redemptions of $172.09 million, $66.25 million and $76.19 million, respectively. Smaller exits were recorded at VanEck’s HODL, Valkyrie’s BRRR and Franklin Templeton’s EZBC (each between roughly $6 million and $11 million). Notably, 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 currently stand at $115.88 billion, with BlackRock’s IBIT holding over 54% of that pool. Cumulative net inflows into Bitcoin spot ETFs to date are approximately $56.49 billion—underscoring both the product’s rapid adoption and the concentration risk around dominant issuers. Ethereum spot ETFs saw sizeable outflows in the same week, totaling $611.17 million. BlackRock’s ETHA accounted for the bulk of that, with $431.50 million in net withdrawals. Overall, Ethereum spot ETFs hold about $17.70 billion in net assets—roughly 4.99% of Ethereum’s market cap—with cumulative inflows to date at $12.30 billion. What this all underscores is a market still in search of conviction: flows remain highly sensitive to price swings, large providers dominate liquidity, and short-term investor behavior can quickly reverse allocation trends. For traders and longer-term allocators alike, the rapid inflow–outflow dynamics highlight both opportunity and risk as spot ETF adoption matures. Read more AI-generated news on: undefined/news

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