Spot Bitcoin ETFs Market Report: U.S. spot Bitcoin exchange-traded funds have shed roughly $1.1 billion over the past three trading days (through Jan 8, 2026), nearly erasing modest gains recorded at the start of the year. Peak outflows reached $486.08 million on January 7.
- Fund Performance: BlackRock’s IBIT saw $193.34 million in net outflows on Jan 8 (approx. 2,130 BTC), yet still holds $70.41 billion in assets. Fidelity’s FBTC lost $120.52 million, and Grayscale’s GBTC saw $73.09 million in redemptions.
- Institutional Adoption: Despite volatility, ETFs control 6.48% of Bitcoin’s total market cap ($117.66 billion in net assets). Morgan Stanley filed registration statements this week for spot Bitcoin, Ethereum, and Solana products.
- Broader Crypto ETFs: U.S. Ethereum spot ETFs recorded $159.17 million in net outflows on Jan 8, while spot XRP ETFs saw $41M in outflows—their first since launch.
Bitcoin's price remained firm despite ETF volatility, trading near $90,224. The data suggests active rotation rather than a wholesale exit, with $3.08 billion in value traded on January 8 alone.
