ETFs Recap: Bitcoin and Ether Bleed as Solana and XRP Hold Firm

CN
4 hours ago

The week opened with optimism and closed with caution. From Jan. 5 to Jan. 9 (ET), U.S. spot crypto exchange-traded funds (ETFs) reflected a market still searching for balance, rotating capital away from bitcoin and ether while selectively adding exposure to solana and XRP.

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Bitcoin ETFs recorded a weekly net outflow of $681.01 million, reversing the strong start seen on Monday. Blackrock’s IBIT remained the most active fund on both sides of the tape. It pulled in $372.47 million on Jan. 5, followed by another $228.66 million on Jan. 6, but those gains were overwhelmed by heavy redemptions later in the week, including $129.96 million on Jan. 7, $193.34 million on Jan. 8, and $251.97 million on Jan. 9.

Fidelity’s FBTC was also a major contributor to the drag, swinging from a $191.19 million inflow on Monday to successive exits totaling more than $680 million across Tuesday through Thursday alone with a marginal $7.8 million inflow on Friday doing little to reverse course. Grayscale’s GBTC and Bitcoin Mini Trust continued their structural bleed, together shedding well over $200 million for the week, while Ark & 21Shares’ ARKB, Bitwise’s BITB, and Vaneck’s HODL also closed firmly negative.

ETFs Recap: Bitcoin and Ether Bleed as Solana and XRP Hold Firm

Bitcoin ETFs have only recorded 2 green weeks over the past six weeks, highlighting the caution still prevalent in the market.

Ether ETFs fared better, but still finished with a net outflow of $68.57 million. The week began with strength as ETHA absorbed $102.90 million on Jan. 5 and followed with a massive $198.80 million inflow on Jan. 6. That momentum faded quickly with combined outflows of $198.07 million for the rest of the week.

Grayscale’s ETHE and Ether Mini Trust resumed persistent outflows midweek, combining for over $195 million in exits across Jan. 6 and Jan. 8. Fidelity’s FETH and Bitwise’s ETHW also slipped modestly, leaving the category slightly underwater by week’s end despite early optimism.

Solana ETFs were a clear bright spot, posting a weekly net inflow of $41.08 million. Bitwise’s BSOL led consistently, including $12.47 million on Jan. 5, $7.79 million on Jan. 8, and steady additions midweek. Fidelity’s FSOL and Grayscale’s GSOL also contributed incremental inflows, keeping total net assets above the $1 billion threshold and reinforcing Solana’s post-launch traction.

Read more: ETF Weekly Recap: Bitcoin and Ether Rebound to Start 2026 Strong

XRP ETFs extended their young but resilient streak, recording a $38.07 million weekly inflow. Strong contributions from Bitwise’s XRP, Franklin’s XRPZ, and Grayscale’s GXRP earlier in the week more than offset XRP’s first-ever daily outflow on Jan. 7, which was driven by a single large redemption from 21Shares’ TOXR. By Friday, inflows had stabilized, keeping cumulative demand intact.

Overall, the week highlighted a market in rotation rather than retreat. Bitcoin and ether absorbed profit-taking and positioning resets, while solana and XRP benefited from more targeted conviction, an early signal that 2026 may reward selectivity over broad exposure.

What defined crypto ETF flows in early January?
Investors rotated out of bitcoin and ether while selectively adding Solana and XRP exposure.
Why did bitcoin ETFs end the week in outflows?
Early inflows were overwhelmed by heavy mid-to-late-week redemptions as risk appetite narrowed.
How did solana ETFs perform compared to others?
Solana ETFs led the market with steady inflows, keeping assets above $1 billion.
What does XRP’s performance signal for 2026?
Despite brief volatility, consistent inflows point to growing conviction in XRP products.

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