Brief

$BTC $ETH $BTC #Bitcoin balances between new regulatory initiatives and market fluctuations, combining positive shifts in “green” mining with outflows from ETFs. Here are the main news:

Florida revives Bitcoin reserve bill (January 9, 2026) — proposing to create a state fund to hold BTC as a hedge against inflation, similar to what other US states have done.
Support for “green” mining (January 9, 2026) — studies show that 56.7% of mining energy now comes from renewable sources, helping to stabilize power grids.
Outflows from ETFs reach $400 million (January 9, 2026) — the third consecutive day of withdrawals from US spot Bitcoin funds.

Details

1. Florida revives Bitcoin reserve bill (January 9, 2026)

Overview: Florida State Legislator John Snyder introduced bill HB 1039, proposing the creation of a state strategic Bitcoin reserve to protect against inflation. The fund will only hold cryptocurrencies with a market capitalization above $500 billion over the past 24 months(, currently only Bitcoin). The fund will be managed by Florida’s CFO, and funding may come from the budget, asset sales, or investment income. Similar attempts in 2025 were unsuccessful, but now the initiative is supported amid similar moves in Texas, Arizona, and New Hampshire.
What it means: This is a positive signal for Bitcoin, as state-level adoption indicates growing recognition of the cryptocurrency by institutional players and could boost demand if the law is approved. However, past failures show that the legislative process can be complex.
(Bitcoinist)

2. Support for “green” mining (January 9, 2026)

Overview: Peer-reviewed studies show that currently 56.7% of Bitcoin mining energy comes from renewable sources, significantly higher than 34% in 2021. Mining promotes the development of renewable projects, providing income for unused energy (such as delayed solar and wind power plants), and helps stabilize power grids through flexible consumption. Waste heat is used for home heating in Finland and powering microgrids in Africa.
What it means: This is a positive factor for Bitcoin, as it reduces environmental criticism and can attract ESG-focused investors (environmental, social, and governance standards). Widespread adoption of such practices will strengthen the reputation of cryptocurrency as a sustainable asset.
(Cointelegraph)

3. Outflows from ETFs reach $400 million (January 9, 2026)

Overview: US spot Bitcoin ETFs recorded a net outflow of $400 million on January 8, marking the third consecutive day of withdrawals. Leading outflows were from BlackRock’s IBIT ($194 million) and Fidelity’s FBTC ($120 million), while Bitwise’s BITB showed a small inflow. Analysts attribute this to profit-taking after Bitcoin’s rally in 2025 and reduced risk appetite amid macroeconomic uncertainty.
What it means: In the short term, this is a negative factor, as continuous outflows pressure prices and reflect waning institutional interest. Long-term, ETF stability remains crucial for broad Bitcoin adoption.
(CoinMarketCap)

Conclusion

Bitcoin faces short-term challenges due to ETF outflows but is supported by accelerating state-level adoption and environmental improvements in mining. The question is whether regulatory clarity and sustainable mining can outweigh market volatility and serve as a catalyst for the next growth phase?