After a strong opening to 2026, the flow picture for US spot Bitcoin ETFs reversed on Tuesday. The funds experienced a net outflow of $243 million, according to the latest data.
This movement, reported by SoSoValue, interrupts the positive flow trend that had seen over $1.16 billion enter these products in the prior two trading sessions.
Fidelity’s FBTC fund accounted for the largest exit, with $312.24 million leaving. Grayscale’s GBTC and its BTC Mini Trust product saw outflows of $83.07 million and $32.73 million, respectively. Additional outflows came from ETFs offered by Ark & 21Shares and VanEck.
The day’s activity was not uniformly negative, however. BlackRock’s IBIT once again attracted substantial capital, netting $228.66 million in inflows. This performance brings IBIT’s year-to-date net inflow total to $888 million.
“BTC ETF outflows look more like post-inflow normalization than risk-off,” noted Vincent Liu, CIO of Kronos Research. He interprets the data as a rebalancing act, adding, “Institutions are rebalancing exposure, not exiting conviction. One day of ETF outflows doesn’t outweigh the broader trend of sustained institutional allocation.”
