Bitcoin ETFs Record $398.95 Million Outflow; 3-Day Net Totals $1.12 Billion

Bitcoin ETFs recorded net outflows of $398.95 million on Jan. 8, bringing cumulative net outflows over the past three trading days to $1.12 billion, The Block reported on Jan. 9. Nick Ruck, Head of LVRG Research, said the recent ETF withdrawals mainly reflect portfolio rebalancing, profit-taking after a rebound, and short-term caution during market consolidation, rather than a fundamental change in institutional demand. He added that the crypto market remains in consolidation, with Bitcoin hovering above $90,000 and supported by potential ongoing institutional accumulation, and said traders should monitor ETF flow trends, Bitcoin approaching the $95,000 resistance level, and macro signals such as Federal Reserve policy changes to assess the chances of a breakout or further volatility.