Analysis: Bitcoin ETF has seen a cumulative net outflow of $1.128 billion over the past three trading days, reflecting a lack of confidence from investors.

BlockBeats News, January 9th, according to CoinDesk, Bitcoin ETFs have shown a strong start to the year 2026, with net inflows of over $1 billion in the first two trading days. Analysts say this indicates a rebound in investor risk appetite. However, Bitcoin ETFs saw a cumulative net outflow of $1.128 billion in the past three trading days. The three-day consecutive outflow nearly offset the $1.16 billion net inflow in the first two trading days of the year.

In other words, the net capital flow of Bitcoin ETFs from the beginning of the year has remained nearly flat, and the initial optimism has been replaced by actual asset performance. This trend shows insufficient confidence among institutional investors and weakens the bullish prospects of the early-month inflows. The upcoming release of US employment data and a Supreme Court ruling could further influence market dynamics and investor sentiment. Market volatility may intensify later on Friday.