In the United States! The year 2026 began with strong inflows. Strong inflows appeared, but were soon followed by a series of outflows that nearly reversed everything. After a tough end to 2025, the market continues without a clear direction for institutional demand.
In the last period of the week (January 20-23), the balance of outflows was approximately $1.324 billion: -$479.7 million (January 20), -$708.7 million (January 21), -$32.2 million (January 22), and -$103.5 million (January 23). 📉
⚠️ January 21 was the strongest day in terms of recoveries, with -708.7 million US dollars. The pressure came from the largest exchange-traded funds: #IBIT with a loss of around 356.6 million US dollars, and #FBTC with a loss of 287.7 million US dollars, in addition to smaller outflows in other funds.
🎢 The variance during the month is striking; on January 13 and 14, exchange-traded funds accumulated internal flows worth 1.594 billion US dollars (753.8 million US dollars + 840.6 million US dollars). Shortly thereafter, a series of outflows practically reversed this gain.
⏳ More than 100 days of weakness in total flow, suggesting that a shift to a stable internal flow system has not yet occurred. Monitoring the flows of exchange-traded funds will be important in the coming weeks!
