The U.S. spot Bitcoin ETF market has started 2026 with explosive momentum, attracting over $1.2 billion in net inflows across the first two trading days of the year. Bloomberg senior ETF analyst Eric Balchunas described the start as Bitcoin ETFs coming into 2026 "like a lion," with nearly every participating fund seeing positive inflows. The WisdomTree Bitcoin Fund was the sole exception.
Monday, January 5th, delivered the strongest single day for Bitcoin ETFs in three months, with $697 million in net inflows as Bitcoin prices stabilized above $90,000. This followed a turbulent end to 2025 for the cryptocurrency. BlackRock's iShares Bitcoin Trust maintained its dominant position among the eleven available spot Bitcoin ETFs.
If the current inflow pace continues, Balchunas projects annual inflows could reach $150 billion in 2026. This would represent a staggering 600% increase compared to the $21.4 billion in net inflows recorded for the entirety of 2025.
In a significant development for institutional adoption, Morgan Stanley filed with the SEC on Tuesday to launch Bitcoin and Solana ETFs. The Wall Street giant, which manages approximately $8 trillion in advisory assets, now positions itself alongside BlackRock and Fidelity in the crypto ETF space. The Morgan Stanley Bitcoin Trust is designed as a passive vehicle tracking Bitcoin's spot price.
Concurrently, legendary trader and creator of the Bollinger Bands indicator, John Bollinger, issued a bullish technical forecast for Bitcoin. He predicts the cryptocurrency could surge to $107,000, a target approximately 14% above its current trading level around $93,468. Bollinger's analysis points to a "near perfect base" for BTCUSD with a Bollinger Band Squeeze and breakout, identifying $100,000 as a first upside target.
Bitcoin currently faces a key resistance level at $94,645, a price point it failed to break through twice in December 2025. A successful move above this level is seen as potentially opening the path toward $100,000. Technical indicators show Bitcoin has moved above its 50-day moving average. However, a drop below $87,500 would invalidate the current bullish outlook.
Market participants are closely watching upcoming U.S. economic data, including Wednesday's ADP jobs estimate and Friday's Bureau of Labor Statistics employment report, for potential impacts on Bitcoin's trajectory. Bitcoin futures open interest has climbed to $63 billion, exceeding December levels and indicating investors are adding leveraged positions.
