Alternate-traded funds on spot Bitcoin within the U.S. are logging their third month of unfavourable inflows in a row. Whereas the state of affairs can change in January, the phase is assembly its second anniversary in pessimism.
Bitcoin (BTC) spot ETFs: Third pink month in a row?
The phase of Bitcoin spot ETFs inches nearer to its third consecutive month within the pink. Within the first 10 days of January, buyers withdrew $210 million from spot BTC ETFs, SoSoValue knowledge says.
Beforehand, the longest bearish streak right here lasted two months, in February-March 2025, when cryptocurrency buyers diminished the TVL of Bitcoin spot ETFs by a monstrous $4.2 billion in simply 60 days.
The continued development is already extra devastating: in November-December 2025 and 10 days of January 2026, spot Bitcoin ETF homeowners pulled out $4.7 billion in liquidity.
The USD-denominated AUM of the whole phase is nearly the place it was one yr in the past. In mid-January 2025, the full worth injected in spot BTC ETFs was estimated at $107 billion, whereas at this time it’s about $116 billion.
At its peak registered simply earlier than the Oct. 10 crypto flash crash, the phase exceeded $166 billion in valuation.
Are we in “cute bear market”?
Bitcoin (BTC), the biggest cryptocurrency and the underlying asset of spot BTC ETFs, dropped from $94,000 to $90,500 within the final 12 months.
As Bitcoin (BTC) for the primary time in historical past closed a post-halving yr with a pink candle, increasingly analysts are signaling a bear market begin.
CryptoQuant CEO Ki Younger Ju in the meantime predicts this recession to be extra forgiving in comparison with the 2018-2019 and 2021-2022 Crypto Winters.
This Bitcoin bear market will likely be cute pic.twitter.com/02RCMvxZxC
— Ki Younger Ju (@ki_young_ju) January 9, 2026
Web capitalization of the cryptocurrency market dropped from $3.6 trillion to $3.2 trillion within the final yr, hitting an ATH over $4.3 trillion Oct. 7, 2025.
