After three months of decline, US spot Bitcoin ETFs are seeing significant new capital inflows at the start of this year. Let’s take a closer look at these figures.
Bitcoin ETFs see renewed capital inflows
Since its all-time high (ATH) on October 6, Bitcoin (BTC) has been going through a period of uncertainty, with a price of $92,700, down 26.5% from its record high. Currently, the asset is establishing a range between the last low of $80,600 and the $95,000 zone:
In this context, US spot Bitcoin ETFs are also suffering, to such an extent that after a record high in assets under management (AUM) of over $169.54, this value is now down 28.71%.
Despite everything, the year is off to a fairly positive start, and Bloomberg analyst Eric Balchunas noted significant inflows on the first two trading days of 2026. According to his calculations, the current inflow would be equivalent to $150 billion in annual inflows, which bodes well for the future:
According to data from SoSoValue, January 2 and January 5 combined for nearly $1.17 billion in admissions. While this performance is not extraordinary compared to certain records, it stands out particularly in the current context. And for good reason: you have to go back to the ATH at the beginning of October to find similar inflows.
After hitting a low of $111.04 billion in AUM on December 18, these same Bitcoin ETFs have now climbed back to $120.85 billion in assets under management, which is roughly the same level as in May 2025:
The question now is whether the rise in recent days is a respite before new lows, or whether it is the beginning of a bullish recovery.
Over the past two years, Bitcoin ETFs have dominated other ETFs in terms of popularity and growth. With the bear market seemingly taking hold, investor behavior towards these funds will be particularly interesting to analyze over the coming months.
