Bitcoin ETFs bleed $866M in second-worst day on record, but some analysts still bullish

3 weeks ago

Demand for Bitcoin and crypto-linked concern funds continued to diminution Thursday, contempt the long-awaited extremity of the 43-day US authorities shutdown.

US spot Bitcoin (BTC) exchange-traded funds (ETFs) saw $866 cardinal successful nett outflows connected Thursday, marking their second-worst time connected grounds aft the $1.14 cardinal regular outflows connected Feb. 25, 2025, according to Farside Investors.

This marks the 2nd consecutive time of outflows for the Bitcoin ETFs, arsenic the extremity of the 43-day US authorities shutdown failed to reignite capitalist appetite.

The $866 cardinal outflows occurred a time aft President Donald Trump signed a authorities backing measure connected Wednesday. The measure provides backing until Jan. 30, 2026.

The deficiency of ETF request is causing important concerns among crypto investors, arsenic these funds were the superior drivers of Bitcoin’s momentum successful 2025, alongside Michael Saylor’s Strategy.

However, Bitcoin’s bull marketplace is inactive intact until the terms falls beneath the cardinal $94,000 level, oregon the mean outgo ground of investors who bought Bitcoin successful the past six to 12 months, according to Ki Young Ju, laminitis and CEO of crypto quality level CryptoQuant.

“Personally, I bash not deliberation the carnivore rhythm is confirmed unless we suffer that level. I would alternatively hold than leap to conclusions,” wrote Ju successful a Friday X post.

Other manufacture watchers reason that the four-year rhythm mentation is nary longer relevant, fixed the instauration of Bitcoin ETFs and the caller US administration.

“Since the motorboat of the Bitcoin ETFs and caller administration, we’ve entered a caller marketplace structure,” wrote Hunter Horsley, the CEO of plus absorption steadfast Bitwise, successful a Thursday X post.

“I deliberation there’s a beauteous bully accidental that we’ve been successful a carnivore marketplace for astir 6 months present and are astir done it.”

“The setup for crypto close present has ne'er been stronger,” Horsley added.

XRP ETF outperforms each ETF launches successful 2025, signaling underlying crypto appetite

Despite concerns implicit the marketplace cycle, emerging altcoin ETFs are signaling underlying appetite for cryptocurrencies.

The Canary Capital XRP (XRPC) ETF launched on Thursday, arsenic the archetypal US-based ETF holding spot XRP (XRP) tokens, Cointelegraph reported.

The caller XRP ETF’s debut topped each different crypto and accepted ETF launches of 2025, signaling much request for regulated altcoin funds.

“Congrats to $XRPC for $58m successful Day One volume, the astir of immoderate ETF launched this twelvemonth (out of 900), BARELY edging retired $BSOL’s $57m,” wrote Bloomberg ETF expert Eric Balchunas successful a Thursday X post.

“The 2 of them are successful league of their own, tho arsenic 3rd spot is implicit $20m away,” helium added.

As for the different crypto funds, Ether (ETH) ETFs logged $259 cardinal successful outflows connected Thursday, but the Solana (SOL) ETFs received $1.5 cardinal successful inflows, extending their 13-day winning streak, according to Farside Investors.