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Bitcoin (CRYPTO: $BTC ) exchange-traded funds (ETFs) have resumed their outflows to start the new year.

About a dozen spot Bitcoin ETFs started 2026 on an upswing, pulling in over $1 billion U.S. in the first two trading days of the year.

But those inflows have quickly reversed, with a three-day outflow streak putting the ETFs into negative territory and casting doubts on any recovery in cryptocurrency prices.

U.S.-listed spot Bitcoin ETFs have registered a cumulative net outflow of $1.128 billion U.S. for 2026, according to data from Farside Investors.

Analysts say the poor showing for Bitcoin ETFs demonstrates a lack of conviction among both institutional and individual retail investors.

The ETF outflows come as a New Year's rally in Bitcoin has quickly faded. After rising as high as $93,000 U.S., the price of BTC has reversed to now trade around $90,000 U.S.

It has been all downhill for Bitcoin since the largest cryptocurrency by market capitalization hit an all-time high of $126,000 U.S. in early October of last year.

Crypto analysts say that digital assets are suffering as investors turn more risk-averse amid geopolitical uncertainty and signs of stretched stock valuations.

Macroeconomic concerns are also growing among investors as signs point to a weakening U.S. economy, say many analysts.

The price of BTC is down 4% over the last 12 months.

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