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 yr.
Based on data from SoSoValue, spot Bitcoin (BTC) ETFs recorded 4 consecutive days of web outflows between Tuesday and Friday, outweighing inflows earlier in the week. The most important 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 brief strength. On 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 web outflows of roughly $68.6 million, ending the week with complete web property 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 instructed Cointelegraph that shifting expectations round financial coverage and world threat have been weighing on positioning.
“With Q1 fee cuts trying much less possible and geopolitical dangers rising, macro circumstances have turned risk-off,” Liu stated. “As merchants anticipate clearer constructive indicators, lowered threat urge for food is spilling into crypto.”
Liu added that traders at the moment are intently watching upcoming US Client Worth Index knowledge and Federal Reserve steerage for clues on when easing might resume. “Till clearer indicators emerge, positioning is prone to stay cautious,” he added.
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Morgan Stanley recordsdata for Bitcoin, Solana ETFs
Regardless of risky market circumstances, Morgan Stanley has filed with the US Securities and Trade 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, Bank of America, started permitting advisers in its wealth administration companies to suggest publicity to four Bitcoin ETFs.
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