Significant BTC ETF Outflows
Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced their largest outflows in three weeks on January 8. This occurred as Bitcoin briefly dipped below $93,000, triggering panic among investors across the market.

According to data from SoSoValue, a total of $582.9 million was withdrawn from 12 spot Bitcoin ETFs on that day. This outflow ended a three-day inflow streak that had brought nearly $2 billion into these funds. The January 8 outflow was also the largest since December 19, when withdrawals from these investment products reached $680 million.

Breakdown of Major ETF Outflows

  • Fidelity's FBTC recorded the largest outflow at $258.69 million.

  • ARKB ARK 21Shares followed with $148.3 million withdrawn.

  • Even BlackRock’s IBIT, which managed to offset outflows from other BTC ETFs the previous day, saw $124.05 million in withdrawals.

  • Other significant contributors to the outflows included:

    • Valkyrie's BRRR, losing $14.1 million.

    • Bitwise BITB, which saw $11.26 million in outflows.

    • BTCO by Invesco Galaxy, GBTC by Grayscale, and EZBC by Franklin Templeton registered smaller outflows of $9.38 million, $8.94 million, and $8.17 million, respectively.

The daily trading volume for these investment vehicles stood at $3.4 billion on January 8, down from $4.62 billion recorded on the previous trading day.

Macroeconomic Concerns and BTC’s Decline
The record outflows coincided with Bitcoin dropping below $93,000 due to macroeconomic concerns. These were fueled by hawkish expectations from the Federal Reserve, as highlighted in its recent minutes, signaling persistent inflation challenges under the incoming Trump administration.

This combination of bearish news and substantial outflows caused Bitcoin to fall 1.4% at the time of writing, trading slightly above $94,000.

Potential for Further BTC Declines
Analysts suggest that Bitcoin may face further declines below the critical support level of $95,000. Should this happen, it could trigger another downturn, potentially pushing BTC prices toward the $88,000 mark.


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