Bitcoin ETFs extend losses with $545M outflows as BTC nears $70K

Bitcoin exchange-traded funds (ETFs) extended losses connected Wednesday amid BTC terms approaching the $70,000 mark, adding to mounting unit crossed integer plus markets.

According to information from SoSoValue, spot Bitcoin (BTC) ETFs recorded $545 cardinal successful outflows connected the day, pushing play flows into the antagonistic with $255 cardinal successful nett outflows.

Year-to-date, the funds person attracted $3.5 cardinal successful inflows but seen $5.4 cardinal successful redemptions, leaving them nett antagonistic by $1.8 billion. Total assets nether absorption basal astatine $93.5 billion.

Spot Bitcoin ETF flows since Jan. 26, 2026. Source: SoSoValue

The bearish ETF sentiment mirrors broader marketplace weakness, with full cryptocurrency marketplace capitalization down astir 20% year-to-date, falling from astir $3 trillion to $2.5 trillion astatine the clip of publication, according to CoinGecko.

Bitcoin ETF investors HODL, with lone 6% of assets exiting the market

Despite facing their biggest losses since launching 2 years ago, immoderate analysts accidental Bitcoin ETFs are resilient amid the marketplace volatility.

With cumulative nett inflows for spot Bitcoin ETFs measured astatine $54.8 billion, the marketplace is conscionable 13% down from its highest of $62.9 cardinal successful October past year.

“That's not excessively shabby considering these funds took successful astir $63 cardinal astatine their peak,” Bloomberg ETF expert James Seyffart said successful an X station connected Wednesday.

Eric Balchunas, elder ETF expert astatine Bloomberg, said the bulk of Bitcoin ETF investors person held onto their positions contempt the caller downturn.

Source: Eric Balchunas

Balchunas estimated that lone astir 6% of full assets person exited the funds, adjacent arsenic Bitcoin prices person fallen sharply and galore investors stay underwater.

He besides mentioned that BlackRock’s iShares Bitcoin ETF (IBIT) saw its assets driblet to $60 cardinal aft peaking astatine $100 cardinal “for a blistery second.”

Related: Bitcoin ETFs bounce $562M aft $1.5B sell-off, arsenic headwinds linger

“It could enactment stuck astatine this level for the adjacent 3 years and it would inactive beryllium the each clip fastest ETF to deed [$]60 billion,” helium added.

Against the backdrop of dense outflows from Bitcoin ETFs, altcoin funds besides saw mixed flows. Ether (ETH) ETFs recorded $79.5 cardinal successful outflows connected Wednesday, portion XRP (XRP) funds posted humble inflows of $4.8 million. Solana (SOL) ETFs, meanwhile, saw outflows of $6.7 million.

Magazine: Bitcoin’s ‘miner exodus,’ UK bans immoderate Coinbase crypto ads: Hodler’s Digest, Jan. 25 – 31