According to data from SoSoValue, U.S. spot cryptocurrency exchange-traded funds (ETFs) recorded notable net outflows on Jan. 9 (ET), with Bitcoin-focused funds losing a combined $250 million, part of a broader shift in investor positioning in digital asset investment products.
Bitcoin Spot ETFs Hit by Outflows
Data tracked by SoSoValue showed that U.S. spot Bitcoin ETFs registered total net outflows of about $250 million on Jan. 9, reflecting investors reducing exposure to regulated Bitcoin investment products amid fluctuating market sentiment. Among these, Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw the largest single-day net inflow, attracting roughly $7.87 million in fresh capital, partially offsetting broader redemptions in other Bitcoin funds. Overall net outflows in Bitcoin ETFs suggest a cautious repositioning among institutional and retail investors alike.
Ethereum ETFs Also See Redemptions
Spot Ethereum ETFs also experienced significant downward flows, with total net outflows of approximately $93.82 million recorded on the same day. This continued a trend of intermittent redemptions for Ethereum-linked ETFs, which have seen volatile demand patterns as investors balance risk between Bitcoin, Ethereum and broader crypto assets.
Solana and XRP Spot ETFs
In contrast to Bitcoin and Ethereum products, Solana spot ETFs showed no significant net flows, indicating relatively balanced buying and selling pressure on the day — a flat response that suggests investor indecision toward Solana exposure via ETF wrappers. Meanwhile, XRP spot ETFs recorded net inflows totaling about $4.93 million, signaling modest continued interest in regulated investment products tied to Ripple’s token. This inflow into XRP products stands out amid broader outflows in major benchmark crypto ETFs.
Market Context and Investor Behavior
The latest ETF flow data arrives during a period of choppy price action and shifting capital allocation in digital markets. After strong early-year inflows into Bitcoin ETF products — including days with hundreds of millions in net picks — recent sessions have seen recurring outflows as traders and institutions rebalance positions or take profits. This pattern mirrors broader crypto market volatility, where large redemption days have sometimes nearly offset previous inflows.
Analysts say short-term ETF flows may reflect tactical moves around macroeconomic data, regulatory developments, and crypto price volatility rather than a wholesale withdrawal of interest in regulated crypto exposure. Despite periodic outflows, cumulative ETF capital remains elevated compared with pre-ETF-product levels.
Summary of ETF Flows on Jan. 9 (ET)
- Bitcoin Spot ETFs: ~$250M net outflows (Fidelity’s FBTC +$7.87M)
- Ethereum Spot ETFs: ~$93.82M net outflows
- Solana Spot ETFs: No significant net flows
- XRP Spot ETFs: ~$4.93M net inflows
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