Spot Bitcoin exchange-traded funds (ETFs) began 2026 with sharp outflows, shedding a mixed $681 million over the primary full buying and selling week of the 12 months.
Based on that data from SoSoValue, spot Bitcoin (BTC) ETFs recorded 4 consecutive days of internet outflows between Tuesday and Friday, outweighing inflows earlier within the week. The biggest every day redemption occurred on Wednesday, when merchandise shed $486 million, adopted by $398.9 million on Thursday and $249.9 million on Friday.
The reversal got here after 2026 opened with temporary power. He Jan. 2, Bitcoin ETFs attracted $471.1 million, adopted by one other $697.2 million influx on Jan. 5.
Spot Ether (ETH) ETFs adopted an identical trajectory. On a weekly foundation, spot Ether ETFs posted internet outflows of roughly $68.6 million, ending the week with whole internet belongings of round $18.7 billion.
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Macro uncertainty drives risk-off shift
Vincent Liu, chief funding officer at buying and selling agency Kronos Analysis, pointed to macro uncertainty as the first driver behind the pullback. He advised Cointelegraph that shifting expectations round financial coverage and world threat had been weighing on positioning.
“With Q1 fee cuts wanting much less probably and geopolitical dangers rising, macro circumstances have turned risk-off,” Liu mentioned. “As merchants anticipate clearer constructive alerts, decreased threat urge for food is spilling into crypto.”
Liu added that buyers at the moment are carefully watching upcoming US Shopper Value Index knowledge and Federal Reserve steering for clues on when easing may resume. “Till clearer alerts emerge, positioning is prone to stay cautious,” he added.
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Morgan Stanley information for Bitcoin, Solana ETFs
Regardless of risky market circumstances, Morgan Stanley has filed with the US Securities and Alternate Fee to launch two spot crypto ETFs, one monitoring Bitcoin and the opposite Solana (SOL).
The transfer got here a day after the second-largest US financial institution, Financial institution of America, started permitting advisers in its wealth administration companies to advocate publicity to 4 Bitcoin ETFs.
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