After a strong start to 2026, US spot Bitcoin exchange-traded funds experienced a trend reversal on Tuesday.
These products, which had collectively attracted more than $1.16 billion in the first two trading days of the year, recorded net outflows.
Data from SoSoValue reveals a net outflow of $243 million from these funds yesterday.
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This move represents the first day of total negative flows for the year that has just begun.
Most of the selling pressure came from Fidelity's FBTC, which recorded an outflow of $312.24 million. Grayscale's offerings, GBTC and BTC Mini Trust, recorded outflows of $83.07 million and $32.73 million, respectively.
Products from Ark & 21Shares and VanEck also contributed to the negative flow figure.