Bitcoin spot exchange-traded funds closed their first full trading week of 2026 with $681 million in net outflows after four consecutive days of withdrawals erased initial gains totaling nearly $1.17 billion.
What Happened; Weekly ETF Redemptions
The investment products had started the year with momentum, recording $471.1 million in net deposits on Jan. 2 and $697.2 million on Jan. 5.
But, according to data from SoSoValue, that momentum vanished between Jan. 6-9 when combined net outflows reached $1.378 billion.
Fidelity's FBTC led the retreat with $481.32 million in redemptions, followed by Grayscale's GBTC at $171.79 million.
Ark/21Shares' ARKB shed $45.34 million while Grayscale's BTC, Bitwise's BITB, and VanEck's HODL posted losses ranging from $3 million to $22 million.
BlackRock's IBIT bucked the trend with $25.86 million in net inflows, pushing its cumulative total to $62.41 billion and total net assets to $69.88 billion. Invesco's BTCO, Franklin Templeton's EZBC, Valkyrie's BRRR, and WisdomTree's BTCW also attracted between $1 million and $15 million.
Also Read: Cardano Long-Term Holders Sell While Short-Term Traders Buy The Dip — What's Next For ADA?
Why It Matters; Institutional Sentiment Shift
The weekly performance reflects broader institutional caution as Bitcoin failed to sustain recovery above $94,000 amid diminishing expectations for interest rate cuts.
Institutional investors appeared to seek stability after the price rejection, with the four-day withdrawal streak suggesting a reassessment of risk appetite amid uncertain monetary policy outlook.
Bitcoin spot ETFs now hold $116.86 billion in total net assets, representing 6.48% of Bitcoin's market capitalization, with cumulative net inflows of $56.40 billion.
Ethereum spot ETFs mirrored the pattern. Initial deposits of $282.87 million on Jan. 5-6 gave way to three straight days of heavy withdrawals, resulting in a $68.57 million net outflow and leaving total net assets at $18.70 billion.
In the meantime, JPMorgan analysts said Bitcoin stabilization and balanced ETF flows suggest investor risk reduction may be nearing its end, with recent market patterns reflecting two-sided trading activity rather than panic or recovery.
Analysts predict several factors could drive the digital asset higher next year, including potential interest rate cuts, increased institutional adoption and expanded government reserves.
Read Next: What Does Bitcoin's Move From Power Law To S-Curve Mean For Investors?