US spot Bitcoin exchange-traded funds extended a three-day outflow streak, shedding roughly $935 million as investors pared exposure amid softer market sentiment. Daily outflows of about $205 million underscored a shift away from the early January risk-on positioning that briefly lifted Bitcoin prices.
Market participants described the moves as tactical de-risking rather than a structural exit from crypto exposure. Bitcoin’s inability to hold above key resistance near $92,000 and heightened macro uncertainty contributed to the pullback, alongside routine capital reallocation following year-end positioning.
Despite the recent outflows, cumulative ETF flows remain modestly positive for the year, suggesting underlying institutional interest has not reversed. Analysts noted that overhead supply from recent buyers could limit near-term upside, pointing to a period of consolidation as investors reassess risk across digital asset markets.
