Bitcoin ETFs See $243M Outflow as Market Consolidates Near $92K

In Brief

• Spot Bitcoin ETFs post $243M outflows, ending a $1.16B two-day inflow streak
• BlackRock’s IBIT attracts $228.66M, remaining the only BTC ETF with net inflows
• XRP, ETH, and SOL ETFs record inflows as traders diversify amid BTC consolidation

U.S. spot Bitcoin ETFs recorded $243 million in net outflows on Tuesday, ending a strong two-day inflow streak. The retreat came after more than $1.16 billion in net inflows entered these products to start the year.

Fidelity’s FBTC led the outflows with $312.24 million, followed by $83.07 million from Grayscale’s GBTC. Grayscale’s Mini Trust also posted $32.73 million in outflows, alongside redemptions from Ark and VanEck products.

However, BlackRock’s IBIT stood out by attracting $228.66 million in net inflows, the only ETF to post gains that day. The fund has now accumulated $888 million in net inflows during the first three sessions of 2026.

Analysts believe the outflows represent normal rebalancing rather than a shift in sentiment or risk aversion. Bitcoin’s price held steady near $92,034, down 1.72% in 24 hours, showing resilience despite the ETF withdrawals.

Ethereum, XRP, and Solana ETFs attract inflows amid broader rotation

While Bitcoin ETF flows slowed, capital rotated into altcoin products including Ethereum, XRP, and Solana. Spot Ethereum ETFs recorded $114.7 million in net inflows, despite redemptions from Grayscale and Fidelity.

XRP and Solana ETFs also saw gains, posting $19 million and $9 million in inflows, respectively. Market participants appear to be exploring broader exposure beyond Bitcoin as price volatility continues.

Meanwhile, technical analysis suggests the recent Bitcoin bounce may resemble a typical relief rally during a distribution phase. Similar to the 2021–2022 cycle, the structure shows accumulation, markup, and now distribution, with potential for further markdown.

However, stronger sentiment compared to prior cycle tops adds uncertainty and could delay or disrupt a deeper correction. While short-term momentum remains positive, the broader trend may still lean bearish in structure though outcomes remain open.