Bitcoin ETF Sees Choppy Waters as Bitwise’s BITB Logs Notable Outflows
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The Bitwise Bitcoin ETF Trust’s BITB recorded a sizeable net outflow of $39.0 million on January 8, 2026, a move that shaved roughly 1.10% off its $3.54 billion in assets under management. While the redemption is modest relative to total AUM, it underscores a cooling in investor appetite after months of heightened volatility in spot bitcoin products.
The latest flow follows a sharp pullback in the underlying asset, with some investors locking in earlier gains or reducing risk amid uncertainty about the next leg for crypto markets. Given BITB’s scale, the outflow is meaningful enough to signal shifting sentiment, but not yet large enough to suggest a broad capitulation among institutional or retail holders.
The related asset, BTC-USD, is currently trading at $90,234.03, having dropped about 25.49% over the past three months. Despite the steep correction, short-term signals remain indecisive, with the 1-day technical rating flashing a Hold, reflecting a tug of war between dip buyers and risk-off sellers.
With bitcoin consolidating after a significant drawdown and ETF flows turning negative at the margin, market participants will be watching whether BITB’s recent redemptions prove to be a brief wobble or the start of a more sustained rotation out of spot bitcoin exposure. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.