Bitcoin ETFs Shed $243M as Crypto Market Rally Cools
Bitcoin’s rally at the start of 2026 has slowed, leading to a net outflow of $243 million from U.S. spot Bitcoin ETFs on Tuesday, despite $228 million in inflows to BlackRock’s IBIT. Major redemptions came from Fidelity's FBTC (-$312 million) and Grayscale’s GBTC (-$83 million). Bitcoin’s price dipped 1.7% to just over $92,000 after surpassing $94,000 earlier in the week. Prediction market users remain optimistic, favoring a move to $100,000 over a decline to $69,000. Analysts interpret recent ETF outflows as short-term repositioning, not a structural shift, and attribute volatility to tax-related selling pressure and ongoing price consolidation. While Bitcoin funds saw mixed flows, Ethereum and Solana ETFs attracted new capital. Digital Asset Trust inflows have slowed, reflecting increased investor caution with many DATs trading near or below net asset value. With key market uncertainties resolved and the macro environment stable, analysts expect the current phase to be consolidation ahead of further growth, contingent on renewed liquidity and stronger investor participation.
