Analysis: Bitcoin ETFs have seen a cumulative net outflow of $1.128 billion over the past three trading days, reflecting insufficient market buying confidence

According to CoinDesk, Bitcoin ETFs started strong in 2026, with net inflows exceeding $1 billion in the first two trading days, and analysts say this indicates a rebound in investor risk appetite. However, Bitcoin ETFs have seen a cumulative net outflow of $1.128 billion over the past three trading days.

The consecutive three days of outflows have nearly erased the net inflow of $1.16 billion from the first two trading days of the year. In other words, the fund flows for Bitcoin ETFs year-to-date are almost flat, with the initial optimism replaced by the reality of balance sheets.

This trend shows a lack of confidence among institutional investors and undermines the bullish outlook from the inflows at the beginning of the month. Upcoming U.S. employment data and Supreme Court rulings may further impact market dynamics and investor sentiment. Market volatility may intensify later on Friday.