Spot Bitcoin ETFs Record Third Consecutive Day of Outflows Amid Market Risk-Off Sentiment

Spot Bitcoin exchange-traded funds (ETFs) in the United States have recorded their third consecutive day of outflows this year, as Bitcoin fell below $90,000 amid a broader market risk-off sentiment.

According to recent data, the 12 spot Bitcoin ETFs logged $284.19 million in net outflows on January 13, extending their outflow streak to three days, during which over $1 billion exited the funds.

Bitcoin ETF Outflows by Fund

Fidelity’s FBTC led the outflows on Monday, with $113.64 million exiting the fund, followed by ARK 21Shares’ ARKB, which saw outflows of $92.36 million. Grayscale’s GBTC and Bitwise’s BITB also contributed to the negative momentum, with investors withdrawing $89.01 million and $18.64 million from the funds, respectively.

Meanwhile, IBIT stood out as the only exception, recording an inflow of $29.46 million. The remaining Bitcoin ETFs reported no flows on the day.

The total trading volume for the 12 Bitcoin ETFs was $3.17 billion, slightly lower than the $3.26 billion recorded the previous day.

Market Sentiment and Bitcoin Price Movement

The significant outflows recorded on January 13 coincided with Bitcoin, the flagship cryptocurrency, briefly dipping below the $90,000 mark on Monday. Crypto assets have been declining since last week following stronger-than-expected payroll numbers, which caused a spike in bond yields.

Additionally, concerns over President-elect Donald Trump’s tariff plans boosted the dollar while putting pressure on Bitcoin and other risk assets.

At press time, Bitcoin was up 1%, recovering above $95,000—a key support level for its potential move back above $100,000.

Ethereum ETFs also Face Outflows

The nine Ethereum exchange-traded funds recorded their fourth consecutive day of outflows on January 13, with $39.43 million withdrawn from the funds.

Grayscale’s Ethereum Mini Trust reported an outflow of $37.84 million the day, while its GBTC fund also contributed to the negative momentum with $14.49 million exiting the fund.

IBIT managed to offset some of the outflows with an inflow of $12.9 million observed on the day. The remaining ETFs remained still on the day.

Ethereum was down 1.9% trading at $3,175 when writing.

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