.png){kind=small}
Crypto Funds Reverse Early-Year Gains with $454M Outflows as Bitcoin ETFs Drive Market Flows
- Bitcoin.blog Team
- Jan 17
- 2 min read
Updated: Jan 19
The $1.5 billion inflow recorded in early January was almost fully offset by last week's activity. A four-day $1.3 billion outflow streak culminated in a net $454 million exit for the week, CoinShares data shows.
According to a CoinShares report published this week, digital asset investment products saw net outflows of $454 million for the week ending January 10. In the report, CoinShares Head of Research James Butterfill wrote that the shift "appears to stem mainly from investor worries over the diminishing prospects of a Federal Reserve interest rate cut in March."
The weekly outflow reverses approximately 90% of the $1.5 billion that entered these products in the first two days of 2026. The retrenchment was concentrated in the United States, which accounted for $569 million of the total net redemptions.
US Regional Selling Counteracts Inflows in European and Canadian Markets as Bitcoin ETFs Attract Capital
Bitcoin products accounted for the majority of the weekly outflows, according to the CoinShares data. These products saw $405 million exit last week. Short-bitcoin investment products, which allow investors to bet against the price of Bitcoin, also registered outflows of $9.2 million.
Ethereum products followed with $116 million in weekly outflows, while multi-asset strategies posted an additional $21 million in redemptions. The report also noted smaller category-specific products tied to Binance and Aave saw outflows of $3.7 million and $1.7 million, respectively. In contrast, products tracking XRP, Solana, and Sui recorded inflows of $45.8 million, $32.8 million, and $7.6 million, respectively.
Meanwhile, the outflow was not uniform globally. While the United States saw net outflows of $569 million, other jurisdictions recorded inflows. Germany led with $58.9 million in inflows, followed by Canada with $24.5 million and Switzerland with $21 million, CoinShares said in the report.
Source: CoinShares
At the time of writing, Bitcoin traded at approximately $95,000 after gaining over 6% in the last month, according to CoinMarketCap data. Ethereum, the second-largest crypto asset by market cap, traded near $3,300 after also gaining around 6% in the last 30 days.
Recent spot market activity has provided a counterweight to the weekly trend reported by CoinShares. On January 13, U.S. spot Bitcoin ETFs recorded total net inflows of $754 million, according to SoSoValue data. Fidelity’s FBTC accounted for $351 million of that daily total, the highest single-day net inflow among its peers.
Additional spot-market capital entered alternative asset classes on the same day. SoSoValue reports that spot Ethereum ETFs saw $130 million in net inflows, while XRP and Solana spot ETFs recorded $12.98 million and $5.91 million, respectively. These daily spot figures follow the five-day period of ETP redemptions described in the CoinShares Volume 268 report.
This content is for informational purposes only and should not be taken as solicitation, recommendation, endorsement or investment advice. It is crucial for you to conduct your own research and due diligence to make informed decisions, as any investment will be your sole responsibility. Please review our disclaimer and risk warning.
