Coinspeaker
19 hour ago
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BULLISH 📈 : Bitcoin ETF holders maintain positions despite 44% BTC decline

Spot Bitcoin ETFs in the US experienced significant outflows in January 2026, with a 6.6% decrease in BTC held since October 2025. Despite this, the price of BTC has dropped by 44%, indicating strong holding behavior among institutional investors.

Key Points

  • US spot Bitcoin ETFs held approximately 1,362,293 BTC as of October 10, 2025.
  • Despite a 44% BTC price drop, ETF holdings have only declined by 6.6%.
  • Institutional holders are maintaining long-term positions despite market downturns.
  • Eric Balchunas compared Bitcoin ETF outflows to historical gold ETF outflows, which saw much larger asset exits during downturns.
  • Galaxy Research data shows the average cost basis for spot Bitcoin ETF holders is $84,099. With BTC prices below $70,000, ETFs are currently at a loss.
  • Bitcoin ETFs have recorded over $7 billion in outflows since October 2025 but had previously attracted around $63 billion in inflows.

Bitcoin ETF outflows average cost basis | Source: Galaxy Research

Market Sentiment

  • Extreme fear is prevalent in the crypto market; however, ETF data indicates institutional resilience.
  • Analysts suggest that the limited selling from ETFs, despite price crashes, demonstrates investor confidence.