U.S. Bitcoin Spot ETFs See Fourth Straight Day of Net Outflows — $32.11M Withdrawn

Published: 2026-01-23 18:48:47 |

U.S. spot Bitcoin ETFs recorded a fourth consecutive day of net outflows on Jan. 22, with total daily withdrawals of about $32.11 million, according to SosoValue. BlackRock’s IBIT led the single-day outflows with roughly $22.35 million redeemed, while Fidelity’s FBTC saw about $9.76 million withdrawn. Other major spot ETF providers (Grayscale, Bitwise, Ark & 21Shares) posted essentially flat flows that day. Trading remained active, with total value traded around $3.30 billion. Despite the short-term selling, cumulative historical net inflows into U.S. Bitcoin spot ETFs remain large at roughly $56.60 billion and total ETF NAV stood near $115.99 billion (about 6.49% of Bitcoin’s market cap). Bitcoin’s price slipped below $90,000 to about $88,785, down roughly 0.9% over 24 hours. For traders: continued short-term ETF redemptions may add selling pressure and heighten volatility, but the substantial cumulative inflows point to ongoing institutional demand that supports medium-to-long-term market interest.

Neutral

Short-term: Net outflows across U.S. spot Bitcoin ETFs for four consecutive days (≈$32.11M on Jan. 22) create immediate selling pressure, which can increase volatility and contribute to downward price moves for BTC in the near term — illustrated by a ~0.9% dip to about $88,785. The largest redemptions concentrated in IBIT and FBTC amplify short-term liquidity withdrawals in the ETF market. Medium-to-long term: The picture is tempered by very large cumulative historical net inflows (~$56.6B) and a sizeable ETF NAV (~$115.99B), signaling sustained institutional interest. These structural inflows act as a stabilizing force, limiting the scope of prolonged declines tied solely to ETF redemptions. Active trading volume (~$3.3B) also implies market depth. Overall assessment: The immediate impact is mildly bearish due to short-term outflows and added volatility, but the large cumulative inflows and continued trading activity suggest fundamental institutional demand remains, preventing a decisive bearish verdict. Therefore the net effect on BTC price is classified as neutral.