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Bitcoin ETFs Log First 2026 Outflow as BTC Steadies Above $90,000

BlackRock’s IBIT drew cash as Fidelity and Grayscale faced withdrawals, signaling issuer rotation that is shaping short-term moves.

Overview

  • U.S. spot Bitcoin ETFs recorded a net outflow of about $243 million on Jan. 6, led by Fidelity’s FBTC (-$312 million) and Grayscale’s GBTC (-$83 million), while BlackRock’s IBIT took in roughly $229 million, according to SoSoValue.
  • The setback followed roughly $1.2 billion of net inflows across the first two trading days of 2026 that helped push bitcoin back into the low $90,000s.
  • Bitcoin’s price swung from a run toward $94,000 to roughly $92,000, triggering about $460 million in leveraged liquidations before stabilizing above $90,000.
  • Morgan Stanley filed with the SEC to launch spot Bitcoin and Solana ETFs, extending blue‑chip participation in crypto exchange‑traded products.
  • Ether, Solana and XRP spot ETFs continued to attract capital, reinforcing that flows are rotating across crypto products rather than exiting the asset class.