Bitcoin ETF Redemptions Hit $243 Million, Price Drops Below $90,700
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 07 2026- Redemption Impact: U.S. spot Bitcoin ETFs faced $243 million in net outflows on Wednesday after a two-day inflow of $1.16 billion, causing Bitcoin's price to slip below $90,700, highlighting the volatility in market sentiment.
- Major Redemption Sources: Fidelity's Bitcoin ETF led the redemptions with $312 million exiting, followed by Grayscale's main and Mini Trusts totaling $116 million, reflecting a reassessment of risk assets by investors.
- Market Dynamics Shift: Despite the outflows from most Bitcoin ETFs, BlackRock's iShares Bitcoin Trust attracted $228 million in inflows, bringing its year-to-date net inflows to $888 million, indicating sustained confidence in certain products amid market turbulence.
- Investor Behavior Change: Experts framed the outflows as portfolio rebalancing rather than a loss of conviction in Bitcoin, suggesting that investors are seeking higher yield opportunities, particularly rotating towards assets like SOL and XRP.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
