U.S. Spot Bitcoin ETFs See $395M Outflows in One Day

Key Insights

• Spot Bitcoin ETFs suffered a $395 million outflow on Friday.
• The funds experienced a $1.42 billion inflow this week.
• There are concerns about the CLARITY Act in the United States.

U.S. spot Bitcoin ETFs saw heavy outflows on Friday. The move erased part of the gains built earlier in the week. Regulatory concerns weighed on investor sentiment across the market. The pullback highlights the fragile balance between optimism and caution.

Data compiled by SoSoValue shows that all spot Bitcoin ETFs experienced $395 money outflows on Friday. This happened a day after they added $100 million.

IBIT ETF added $14 million, while Grayscale’s GBTC lost $44 million and Bitwise’s BITB lost $90 million. Ark & 21Shares ETF lost $60 million in assets.

All spot Bitcoin ETFs had a net inflow of $1.45 billion this week. That’s the best performance since the second week of October when they added $2.7 billion in inflows.

These funds have had net inflows of $1.2 billion this month. It’s a big increase from the net outflows of $1.09 billion in the previous month. The funds have now had $57.8 billion in net inflows and have $124.5 billion in assets.

Meanwhile, spot Ethereum ETFs experienced a $4.64 million inflow on Friday, bringing the weekly figure to $479 million. Spot XRP ETFs added $1.12 million, while Solana funds lost $2.2 million.

The latest Bitcoin ETF outflow occurred on the same day the Bitcoin price fell to a low of $94,500. It’s down from the weekly high of $98,000. Other altcoins, including blue-chip coins like Ethereum and XRP, also retreated.

Regulatory jitters in the United States drove the pullback. The CLARITY Act stalled in the Senate, fueling investor concerns.

The bill stalled after Coinbase published a statement withdrawing its support. They noted that it would put in place asset tokenization and place limits on stablecoin rewards that exchanges offer.

Coinbase noted that it was willing to continue negotiations to find a middle ground on the key issues. The White House blasted the company for a “rug pull” on the bill. It also threatened to withdraw its support.

Eleanor Terrett reported that the White House criticized Coinbase. It argued that the company does not represent the entire crypto industry. Robinhood and Kraken have already voiced support for the bill.

On the positive side, technical analysis suggests the Bitcoin price may be about to rebound, which could drive more inflows.

The daily timeframe chart shows that Bitcoin price bottomed at $80,625 in November. Then, it moved to a high of $98,000 this week. It has moved above the 50-day EMA and the Strong, Pivot, and Reverse levels of the Murrey Math Lines tool.

Most importantly, it has formed an ascending triangle pattern whose upper side was at $94,620. It has dropped and retested its upper side, confirming a break-and-retest pattern, a common bullish continuation sign.

Bitcoin price shows signs of resuming its uptrend. It may test the key resistance level at $100,000. A breakout above that mark could trigger further gains.

Polymarket traders share this view. A poll shows that it has a 43% odds of hitting $100,000 this month. In most cases, Bitcoin ETFs see more inflows when Bitcoin is in an uptrend.

The Federal Reserve will deliver its first interest rate decision of the year next Wednesday. This event will act as a key catalyst for Bitcoin’s price. It will also influence the performance of Bitcoin ETFs.

Economists expect the bank to keep interest rates steady between 3.50% and 3.75%. They also anticipate guidance on when rate cuts may resume. A dovish Fed will be bullish for Bitcoin and other altcoins.

The Supreme Court is expected to deliver its ruling on Donald Trump’s tariffs on January 20th. In theory, a decision to end these tariffs would be bullish for the crypto market as it would lead to lower inflation. However, Trump has other options to add tariffs and achieve the same outcome.

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