A nine-day streak of net inflows into U.S. spot Bitcoin exchange-traded funds has ended, with the group posting a net outflow of $148.7 million on the final trading day. Over the preceding nine sessions, roughly $3.1 billion had flowed into the spot Bitcoin ETF category, pushing 2026 cumulative flows back into positive territory and reinforcing the view that institutional demand was recovering.
The largest single redemption came from Fidelity’s FBTC, which recorded approximately $125.6 million in net outflows. Bitwise’s BITB lost $13.6 million, while BlackRock’s IBIT ended its own nine-day inflow streak with a modest $9.5 million outflow. Other spot Bitcoin ETFs showed no significant net movement. On the same day, Ethereum ETFs recorded about $59.6 million in net outflows, extending their outflow streak to two sessions after roughly $850 million of inflows over the prior seven days.
Despite the interruption, the broader ETF picture remains substantial. Since their January 2024 launch, U.S. spot Bitcoin ETFs have accumulated more than $57 billion in cumulative net inflows. From the start of 2026, net inflows still stand near $970 million, and total assets under management are reported above $100 billion. Cumulative flows remain about $5 billion below the peak reached on October 10, 2025.
The daily reversal does not by itself indicate a mass investor exit. ETF flows can shift quickly because of profit-taking, rotation into other assets, risk-off sentiment in equities, or Bitcoin’s own technical levels. Futures positioning, interest-rate expectations, and overall risk appetite will remain important alongside ETF flow data in determining whether institutional demand resumes in the next sessions.
