Bitcoin ETF Outflows Reverse Early-Year Gains as BTC Dips
Bitcoin ETFs have posted over $1 billion in net outflows over the past three days, wiping out the early-year inflows that initially signaled renewed investor risk appetite.
Bitcoin (BTC) $90,545.61 ETFs started 2026 with more than $1 billion in inflows across the first two trading days. That momentum has reversed sharply: the 11 U.S.-listed spot ETFs recorded a cumulative net outflow of $1.128 billion over the last three days, almost erasing the $1.16 billion inflow from the opening week, according to Farside Investors. Year-to-date ETF flows now sit roughly flat, reflecting institutional caution and weakening early bullish sentiment.
“ETF flows indicate rotation rather than conviction buying,” said Vikram Subburaj, CEO of Giottus. “Macro conditions have tightened risk appetite, with risk-off sentiment spilling into crypto alongside equities.”
BTC slid from highs above $94,600 on Monday to around $90,000, briefly dipping below $89,300, while DeFi and meme tokens also retraced early-week gains.
Volatility may rise Friday with U.S. December nonfarm payrolls at 13:30 UTC and a Supreme Court tariff ruling. FactSet projects 55,000 jobs added, down from November’s 64,000, with unemployment expected to dip to 4.5% and average hourly earnings up 3.6% year-on-year.
These macro updates could influence Fed rate expectations and broader risk appetite, impacting Bitcoin and other risk assets.
