TL;DR
- Spot Bitcoin ETFs took in $257.7M, reversing Monday’s $203.8M outflow and snapping five weeks of $3.8B net redemptions. Weekly flows positive.
- FBTC led with $83M, IBIT with $79M, and ARKB with $71.1M; AUM is down 30.5% in 2026 to $81.3B from $117B.
- Institutions sold 25,000 BTC in Q4 2025 but still hold 311,700 BTC; ETH, SOL and XRP funds added $9.2M, $3.8M and $3.04M.
U.S. spot Bitcoin ETFs flipped back to inflows as investors rebuilt exposure after a volatile stretch. The headline is a return to risk, but only at the margin. Bitcoin products pulled in $257.7 million, while Ether ETFs added $9.2 million and Solana and XRP funds brought in $3.8 million and $3.04 million, for roughly $270 million in combined crypto-fund inflows. The move more than offset the prior session’s $203.8 million Bitcoin ETF outflow as Bitcoin recovered to about $65,000. It also snapped five straight weeks of net redemptions totaling $3.8 billion.
Flow leaders and what the numbers imply
Fidelity’s FBTC led the day with roughly $83 million of inflows, with BlackRock’s IBIT close behind at about $79 million, and ARK’s ARKB adding about $71.1 million. Leadership is concentrated, suggesting institutions are re-entering through the deepest vehicles. Bitwise’s BITB contributed about $3.5 million, with smaller additions from other issuers and no major outflows reported. Even with the rebound, spot Bitcoin ETF assets under management have fallen 30.5% in 2026, from about $117 billion to $81.3 billion, showing risk budgets remain tight. Cumulative net flows remain above $54 billion after peaking above $62 billion.
The inflow day also arrives after reports that advisers and hedge funds sold about 25,000 BTC in Q4 2025, roughly $1.6 billion at current prices. The offset is meaningful for optics, but small versus Bitcoin’s $1.3 trillion market cap. Bloomberg ETF analyst James Seyffart said those institutions still hold about 311,700 BTC, indicating trimming rather than capitulation. Sentiment remains fragile: analysts cited almost 9 million BTC, about 45% of circulating supply, as underwater, and the article noted broader estimates that about half the supply is below cost. This backdrop explains why ETF flows twitchy.
Beyond Bitcoin, the same session showed diversification: Ether ETFs added $9.2 million, Solana funds took in $3.8 million, and XRP ETFs drew $3.04 million. The message is selective risk-on, with allocations spreading only cautiously beyond BTC. Market-watchers will likely treat this as a reset after volatility, not a durable trend, because Monday’s outflows were large and positioning remains sensitive to price swings near $65,000. If inflows persist, they can stabilize liquidity and dampen forced selling. If they fade, Q4-style trimming could dominate again quickly. For desks, the KPI is sustained buying into weakness.
