US spot Bitcoin ETFs record $1.2B inflows in early 2026

US spot Bitcoin exchange-traded funds recorded more than $1.2 billion in inflows in the first two trading days of 2026, Bloomberg senior ETF analyst Eric Balchunas said, adding that "the spot Bitcoin ETFs are coming into 2026 like a lion." Balchunas said nearly all funds saw inflows "with everyone eating," with the WisdomTree Bitcoin Fund (BTCW) the exception.

He observed that if the current pace is maintained it would translate to about $150 billion in annual inflows, which he said is around 600% more than total inflows for 2025. Spot BTC ETFs recorded $21.4 billion in net inflows in 2025, down from $35.2 billion in 2024. Monday’s $697 million net inflow was the largest in three months as BTC prices returned to and remained above $90,000 following a tumultuous fortnight to end 2025.

Fabian Dori, CIO at Sygnum, said renewed ETF demand is increasingly relevant for market structure and is steadily absorbing circulating supply, pointing to a potential long-term demand shock rather than short-term speculative flows. Momentum appeared to cool on Tuesday, with preliminary figures showing an increasing likelihood of an outflow day due to a large exodus from the Fidelity fund, pending data from BlackRock.

Separately, Morgan Stanley filed with the SEC to launch Bitcoin and Solana ETFs. The filing says the Morgan Stanley Bitcoin Trust would be a passive vehicle designed to track Bitcoin’s spot price and will not use leverage or derivatives.

Key Topics

Crypto, Spot Bitcoin Etfs, Eric Balchunas, Morgan Stanley, Blackrock, Wisdomtree