Overview
- Bitcoin pulled back from an early-week test near $94,000 to trade around $90,000–$92,000 after leveraged wipeouts totaled roughly $460 million, according to Coinglass.
- SoSoValue data shows U.S. spot Bitcoin ETFs recorded a $243 million net outflow on Jan. 6, with BlackRock’s IBIT taking in $228 million as redemptions hit Fidelity’s FBTC (-$312 million) and Grayscale’s GBTC (-$83 million).
- Despite Bitcoin’s setback, spot Ether ETFs logged about $115 million of inflows on the day, Solana funds added roughly $9–19 million, and XRP ETFs continued to attract capital with nearly $100 million since Jan. 1 and $1.15 billion in aggregate since launch.
- XRP has climbed about 25–30% in early January, supported by ETF accumulation and shrinking exchange balances to two-year lows, while Ripple announced partnerships in Japan with Mizuho Bank and SMBC Nikko to expand XRP Ledger use.
- Institutional participation is broadening: Bloomberg’s Eric Balchunas flagged roughly $1.2 billion flowing into spot Bitcoin ETFs over the first two trading days of 2026, and Morgan Stanley filed for spot Bitcoin and Solana ETFs with the SEC.