Spot Bitcoin ETFs face a wave of capital withdrawals

Whale_Whisperer · 2026-01-27T16:29:48+00:00

The analytical platform SoSoValue reports significant investor pressure on Bitcoin spot ETFs from December 15 to 19, resulting in a net outflow of $497 million. While some funds experienced varying trends in capital flows, Fidelity's ETF attracted $33.15 million, contrasting with Blackrock's $240 million outflow. Overall, Bitcoin spot ETFs now hold $114.87 billion, constituting 6.53% of total Bitcoin market capitalization. This reflects the channel's importance for institutional access to digital assets amid ongoing volatility.

Whale_Whisperer

2026-01-27 16:29:48

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Data from the analytical platform SoSoValue, provided by ChainCatcher, shows that the spot Bitcoin ETF experienced noticeable pressure from investors between December 15 and 19. This week, the instruments recorded a total net outflow of $497 million, indicating that investors are re-evaluating their positions in this market segment.

Divergent Trends in Leading Provider Portfolios

Against the overall trend of capital outflows, spot ETFs demonstrated heterogeneous dynamics. The Fidelity FBTC ETF was an exception, attracting new funds of $33.15 million over the week. This inflow allowed the fund’s cumulative net inflow to reach $12.21 billion since launch.

In contrast, the Blackrock IBIT ETF showed the opposite picture, experiencing the largest outflow among competitors — $240 million. Despite this weekly profit-taking, the total inflow into this instrument remains record-breaking among all spot ETFs, reaching a historic maximum of $62.49 billion. Bitwise BITB took an intermediate position with an outflow of $115 million, while its historic inflow was $2.17 billion.

Spot Bitcoin ETF in the Context of Market Structure

At the time of this report, the total net assets of all spot Bitcoin ETFs amounted to $114.87 billion. These instruments control 6.53% of the total Bitcoin market capitalization, demonstrating growing but still limited influence on price formation. The total historical inflow into the entire segment of spot ETFs reached $57.41 billion, highlighting the importance of this channel for institutional access to digital assets.

Current fluctuations reflect the natural volatility of capital redistribution processes between different instruments, with the spot ETF remaining a key mechanism for managing Bitcoin positions of large investors.

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