Bitcoin ETFs Lose $4.5 Billion in Early 2026 as Outflows Continue

US spot Bitcoin ETFs have had a rocky start to 2026, bleeding roughly $4.5 billion in the first eight weeks. Most of those losses occurred in a five-week stretch beginning in late January, which erased about $4 billion across the 12 funds as the category recorded six weeks of outflows amid macroeconomic uncertainty.

Data from SoSo Value show the funds lost nearly $4.5 billion since the start of the year, partially offset by about $1.8 billion of inflows during the first and third weeks. The heaviest withdrawals hit the largest products: BlackRock’s iShares Bitcoin Trust (IBIT) shed over $2.1 billion in the past five weeks, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw more than $954 million leave.

CryptoQuant analyst J.A. Maartun said ETF outflows total $8.3 billion, down from their October all-time high and marking the weakest year since the funds launched. Over the past year, US macro policies have prompted broader de-risking on Wall Street and a rotation out of digital assets into precious metals.

United States

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