Crypto ETF Month — January 2026: net -$1.7B
January 2026 saw total net flows of -$1.7B into spot crypto ETFs. SOL and XRP emerged as the key assets attracting capital during this period.
TL;DR
- Net flow: -$1.7B
- Total inflows: +$485.0M
- Total outflows: -$2.2B
- Strongest day: Jan 14 (+$1.1B) · Weakest day: Jan 29 (-$1.0B)
Monthly Overview
In January 2026, net flows into spot crypto ETFs were negative, totaling -$1.7B. The month saw inflows from nine assets, with notable contributions from SOL and XRP.
Flows by Asset
BTC
Net: -$1.6B / Inflow: +$49.6M / Outflow: -$1.7B
| Fund | Flow |
|---|---|
| Fidelity | -$841.7M |
| Grayscale | -$449.5M |
| 21Shares | -$150.9M |
| BlackRock | -$136.5M |
| Bitwise | -$61.1M |
| Franklin | +$21.8M |
| Grayscale BTC | -$14.7M |
| Invesco | +$11.1M |
| WisdomTree | +$7.7M |
| Valkyrie | +$6.4M |
| VanEck | +$2.6M |
ETH
Net: -$342.6M / Inflow: +$159.2M / Outflow: -$501.8M
| Fund | Flow |
|---|---|
| BlackRock | -$325.6M |
| Grayscale ETH | +$138.6M |
| Grayscale | -$95.4M |
| Fidelity | -$72.3M |
| Bitwise | +$11.6M |
| VanEck | -$8.5M |
| 21Shares | +$6.6M |
| Franklin | +$2.4M |
SOL
Net: +$102.1M / Inflow: +$103.3M / Outflow: -$1.2M
| Fund | Flow |
|---|---|
| Bitwise | +$53.7M |
| Fidelity | +$37.7M |
| Grayscale | +$7.4M |
| VanEck | +$4.5M |
| 21Shares | -$1.2M |
XRP
Net: +$90.5M / Inflow: +$151.0M / Outflow: -$60.5M
| Fund | Flow |
|---|---|
| Franklin | +$67.8M |
| Bitwise | +$64.0M |
| Grayscale | -$35.4M |
| 21Shares | -$25.1M |
| Canary | +$19.2M |
LINK
Net: +$15.3M / Inflow: +$9.8M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Grayscale | +$9.8M |
HBAR
Net: +$5.5M / Inflow: +$5.5M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Canary | +$5.5M |
DOGE
Net: +$4.0M / Inflow: +$4.2M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Grayscale | +$4.2M |
LTC
Net: +$2.4M / Inflow: +$2.4M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Canary | +$2.4M |
AVAX
Net: +$1.2M / Inflow: $0.0M / Outflow: $0.0M
No fund-level flows recorded.
Weekly Breakdown
| Week | Net flow |
|---|---|
| Jan 1 – Jan 3 | +$690.3M |
| Jan 5 – Jan 9 | -$663.0M |
| Jan 12 – Jan 16 | +$2.1B |
| Jan 20 – Jan 23 | -$1.9B |
| Jan 26 – Jan 31 | -$1.8B |
Biggest Fund Moves
Largest inflows
- Grayscale ETH (ETH): +$138.6M
- Franklin (XRP): +$67.8M
- Bitwise (XRP): +$64.0M
- Bitwise (SOL): +$53.7M
- Fidelity (SOL): +$37.7M
Largest outflows
- Fidelity (BTC): -$841.7M
- Grayscale (BTC): -$449.5M
- BlackRock (ETH): -$325.6M
- 21Shares (BTC): -$150.9M
- BlackRock (BTC): -$136.5M
Market Interpretation
Institutional positioning showed significant outflows from BTC and ETH, with BTC experiencing the largest withdrawals. Conversely, SOL and XRP attracted capital, indicating a rotation among assets. The best day for inflows was January 14, with +$1.1B, while January 29 marked the worst, reflecting a loss of -$1.0B.
Conclusion
The month concluded with a net figure of -$1.7B, highlighting the challenges faced by many crypto assets. Despite this, certain assets like SOL and XRP managed to draw in positive flows.