Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) experienced a substantial one-day reversal last week. Investors pulled out nearly $818 million as the price of Bitcoin plummeted to a nine-month low.

The data indicated that Bitcoin ETFs recorded daily net outflows of $817.87 million on January 29. This pushed January into overall negative territory. However, net inflows accumulated since the creation of Bitcoin ETFs remained significant at $55.52 billion.

The largest product by assets, BlackRock’s iShares Bitcoin Trust (NYSE:BLK), led the day’s withdrawals with $317.81 million in net outflows. Other notable departures from Of fidelity FBTC (NYSE:FNF), with $168.05 million, and gray scale GBTC (OTC:GBTC), with a daily gross of $119.44 million.

The report also highlighted that this sharp daily pullback followed a volatile period throughout January. The month concluded with net outflows estimated at $1.1 billion, a trend also seen in December 2025.

The selloff coincided with a sharp decline in the broader crypto market. Bitcoin fell to $81,200, breaking below the $84,000 support level that had held since mid-November. Analysts warn that weak conditions could continue with lower price targets.

why does it matter: Significant outflows from Bitcoin ETFs reflect growing investor concern over the volatile cryptocurrency market. Bitcoin’s sharp drop in price to a nine-month low has sparked a wave of selling, taking the month of January into negative territory.

Despite the significant net inflows accumulated since the launch of Bitcoin ETFs, the recent trend indicates a shift in investor sentiment.

Weak market conditions, coupled with lower price targets, could further exacerbate the situation, leading to further outflows in the future.

Image: Shutterstock/kkssr

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This article Investors pull nearly $818 million from Bitcoin ETFs as cryptocurrency tanks originally appeared Benzinga.com

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