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U.S. Spot Crypto ETFs Extend Outflows as IBIT Leads Withdrawals

Bitcoin ETF selling matched roughly six days of new coin issuance on Friday.

Overview

  • Net outflows across U.S.-listed spot crypto ETFs totaled $337.22 million on January 9, led by continued redemptions in Bitcoin and Ethereum funds.
  • Bitcoin ETFs recorded about $250 million in net withdrawals on the day, pushing the four-day outflow tally to $1.38 billion.
  • Ethereum ETFs saw $93.82 million in daily redemptions and $351.44 million over three consecutive sessions.
  • BlackRock’s IBIT booked $251.97 million in outflows, while Fidelity’s FBTC was the only Bitcoin product to attract an inflow at $7.87 million.
  • Assets contracted, with Bitcoin ETF AUM down to $116.86 billion and Ethereum ETF AUM at $18.70 billion, as XRP ETFs drew $4.93 million and LINK, LTC, and HBAR funds notched modest inflows.