- Bitcoin ETFs saw outflows after a blockbuster start to 2026
- Fidelity-led selling offset early surges in some ETFs
- Ethereum, XRP and Solana ETFs continue to attract fresh inflows
U.S. spot Bitcoin exchange-traded funds slipped back into net outflows on Tuesday, interrupting a short but intense wave of inflows that marked the start of 2026.
Data from SoSoValue showed that Bitcoin ETFs recorded $243 million in net outflows on Tuesday, the first day this year where total flows turned negative.
The reversal followed a powerful opening to the year, when the group drew more than $1.16 billion in net inflows across the first two trading sessions.
Fidelity and Grayscale Drive Redemptions
The pullback was led by Fidelity’s Wise Origin Bitcoin Fund (FBTC), which saw $312.24 million flow out on Tuesday.
Grayscale’s flagship Bitcoin Trust (GBTC) also recorded notable outflows, reporting $83.07 million in net redemptions. Grayscale’s Bitcoin Mini Trust saw an additional $32.73 million withdrawn from that product.
Funds run by Ark, 21Shares and VanEck also posted net outflows during the session, contributing to the day’s overall negative figure.
Some selling pressure was partially offset by continued demand for BlackRock’s iShares Bitcoin Trust (IBIT), which recorded $228.7 million in net inflows on the day.
| Date | IBIT | FBTC | BitB | ARKB | BTCO | EZBC | Bull | HODL | BTCW | GBTC | BTC | Total |
| 2026-01-06 | 228.7 | -312.2 | 0.0 | -29.5 | 0.0 | 0.0 | 0.0 | -14.4 | 0.0 | -83.1 | -32.7 | -243.2 |
| 2026-01-05 | 372.5 | 191.2 | 38.5 | 36.0 | 15.0 | 13.6 | 7.2 | 5.3 | 0.0 | 0.0 | 17.9 | 697.2 |
| 2026-01-02 | 287.4 | 88.1 | 41.5 | 6.7 | 4.5 | 13.0 | 0.0 | 8.3 | 0.0 | 15.4 | 6.4 | 471.3 |
| 2025-12-31 | -99.0 | -66.6 | -13.8 | -76.5 | 0.0 | -5.1 | 0.0 | -6.8 | 0.0 | -69.1 | -11.2 | -348.1 |
| 2025-12-30 | 143.7 | 78.6 | 13.9 | 109.6 | 0.0 | 0.0 | 0.0 | 5.0 | 0.0 | 0.0 | 4.3 | 355.1 |
IBIT was the only U.S. spot Bitcoin ETF to record net inflows during this session.
Despite the single-day reversal, IBIT has maintained its standout performance at the start of the year.
Across the first three trading days of 2026, the fund attracted a cumulative $888 million in net inflows, underscoring its dominant position in the market.
Ethereum and Altcoin ETFs Buck the Outflow Trend
While Bitcoin ETFs faced redemptions, other crypto-related products continued to gather capital.
U.S. spot Ethereum ETFs recorded $114.7 million in net inflows on Tuesday, although some Grayscale and Fidelity products experienced outflows.
Altcoin-focused ETFs also stayed positive. An XRP ETF attracted $19 million in net inflows and a Solana ETF took in $9 million, showing that investor interest persists beyond Bitcoin despite market volatility.
The Explosive Start Shapes the 2026 Narrative
The Tuesday outflows came after an exceptionally strong opening for Bitcoin ETFs earlier in the year.
In just the first two trading days of 2026, U.S. spot Bitcoin ETFs pulled in more than $1.2 billion, suggesting that if momentum continues the sector could have a record year.
“Spot Bitcoin ETFs have roared into 2026 like a lion,” said Bloomberg senior ETF analyst Eric Balchunas on Tuesday.
Balchunas noted that inflows exceeded $1.2 billion in only two days and that nearly all funds participated, with WisdomTree’s Bitcoin Fund the only exception, he said.
He added that if the pace holds, annual inflows could reach roughly $150 billion, about a 600% increase over the total inflows recorded in 2025.
“If you can earn $22 billion when it’s raining, imagine what you can do when the sun is shining,” Balchunas remarked.
U.S. spot Bitcoin ETFs attracted $21.4 billion in net inflows in 2025, down from $35.2 billion in 2024, with BlackRock’s IBIT accounting for the majority of last year’s inflows.
On Monday, Bitcoin ETFs posted $697 million in net inflows, the largest daily intake in the past three months, and Bitcoin’s price climbed above $90,000 by the end of the 2025 volatility period, accelerating momentum.
Adding to the sector’s momentum, Morgan Stanley filed documents with the U.S. Securities and Exchange Commission on Tuesday indicating plans to launch Bitcoin and Solana ETFs.
According to the filing, the proposed Morgan Stanley Bitcoin Trust would passively track the spot price of Bitcoin and would not use leverage or derivatives.