Bitcoin ETFs See $1.38B Four-Day Outflows; Ethereum ETFs Also Suffer Multi-Day Withdrawals

Published: 2026-01-10 14:47:52 |

Bitcoin spot ETFs recorded sustained redemptions over the first nine days of January, with a four-day outflow streak totaling $1.38 billion that reversed early-month accumulation. Major flows on Jan 9 included BlackRock’s IBIT (-$251.97M) and Bitwise’s BITB (-$5.89M), while Fidelity’s FBTC attracted $7.87M of inflows. Jan 9 net outflows for Bitcoin ETFs were $243.24M following $398.95M (Jan 8) and $486.08M (Jan 7). Cumulative Bitcoin ETF assets under management fell to $116.86B on Jan 9 from $123.52B on Jan 5; total traded value that day was $2.97B. Ethereum spot ETFs entered a parallel sell-off, losing $351.44M across three days (including $98.45M on Jan 7 and $159.17M on Jan 8), pushing ETH ETF AUM down to $18.70B on Jan 9 from $20.06B on Jan 6, with $1.11B traded on Jan 9. Solana spot ETFs showed flat flows, and XRP spot ETFs recorded $4.93M in inflows. Longer-term flow context: IBIT has cumulative inflows of ~$62.41B, FBTC ~$11.72B, while Grayscale’s GBTC remains deeply negative with about -$25.41B since conversion. Analysts attribute the short-term redemptions to profit-taking after earlier rallies, rotation between providers (fees, liquidity, trust), and macro risk-off. Large ETF redemptions can force authorized participants to liquidate spot crypto, adding temporary selling pressure, but current outflows represent a modest share of total AUM and buyers remain. For traders, watch cumulative ETF flows, flow–price correlation, AUM trends, and volume-to-flow ratios as indicators of liquidity, potential volatility and market absorption.

Bearish

The multi-day net outflows from Bitcoin spot ETFs (four-day $1.38B) and parallel withdrawals from Ethereum ETFs indicate a short-term risk-off rotation that increases selling pressure on the underlying assets. Large ETF redemptions can force authorized participants to liquidate spot BTC and ETH to meet redemptions, which may amplify downward price moves and intra-day volatility. Although the outflows are meaningful in dollar terms, they remain a modest share of total AUM and long-term cumulative inflows (notably IBIT and FBTC) provide structural support. Therefore, expect near-term downside pressure and elevated volatility driven by flow dynamics and profit-taking, but not necessarily a sustained structural rejection of the ETF model. Traders should monitor ETF net flows, AUM trends, volume-to-flow ratios, and on-chain spot liquidity to gauge absorption capacity and potential short-term price targets.