2026-01-09 10:30:48

Bitcoin spot ETF this week has a bit of a "bank run" feeling. On Thursday alone, net outflows reached $398.95 million, marking the third consecutive trading day of negative flows.

Specifically, BlackRock's IBIT saw outflows of $193.34 million, Fidelity followed with outflows of $120.5 million, and other products like Ark & 21Shares and Grayscale's offerings also saw money leaving. Over these three trading days, the total outflow approached $1.12 billion—almost wiping out all the net inflows from the first two trading days of the year.

Ethereum's situation is similar. On Thursday, net outflows for the spot ETF reached $159.17 million, with BlackRock's ETHA outflowing $107.6 million, and Grayscale's ETHE also saw outflows of $31.7 million.

Does this mean institutional investors are fleeing? Nick Ruck, an analyst at LVRG Research, provided a reassuring interpretation—recent ETF fund outflows are mainly due to portfolio rebalancing, taking profits after earlier rebounds, and normal cautiousness during the market consolidation phase. In other words, this is not a structural shift in institutional demand.

More importantly, Bitcoin's price still remains firmly above $90,000, supported by ongoing institutional accumulation. Although the market is consolidating, its resilience remains.

BTC0,54%

ETH-0,41%

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SoliditySlayer

· 01-12 05:39

$1.1 billion outflow is called a "bank run"? This number looks scary but it's not as hopeless as it seems; taking profits is very normal.

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MiningDisasterSurvivor

· 01-11 00:42

Here we go again, the same old tricks. I've already gone through the disaster of 2018, and I've heard this kind of "just an adjustment, resilience remains" statement too many times. When institutions sell $1.12 billion, it's not called running; then what is it called? Why don't analysts mention that Grayscale has been continuously liquidating?

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RooftopReserver

· 01-09 21:55

$1.12 billion is being pulled back, in plain terms, it's taking profits off the table, don't panic unnecessarily.

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token_therapist

· 01-09 11:00

Wait, a net outflow of 1.12 billion is a run? Institutions have already been accumulating above 90,000. This is just normal fluctuation and consolidation.

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WalletsWatcher

· 01-09 10:49

1.12 billion in outflows is indeed frightening, but $90,000 can still be held steady.

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ColdWalletGuardian

· 01-09 10:33

Just another routine analysis, profit-taking and profit-releasing, what's there to panic about?

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GateUser-2fce706c

· 01-09 10:33

I've always said that a pullback is the best opportunity for deployment. While others are fearful, I am increasing my positions. This is the advantage of being ahead.

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