Bitcoin rally stalls as ETFs see outflows, SOL and XRP buck trend
Bitcoin’s early 2026 surge hit a speed bump Wednesday, slipping to below $90,700 as U.S. spot Bitcoin ETFs recorded $243 million in net outflows, ending a two-day $1.16 billion inflow streak.
- Fidelity’s Bitcoin ETF led redemptions with $312 million exiting, followed by Grayscale’s main and Mini Trusts totaling $116 million.
- Ark & 21Shares and VanEck funds also saw outflows.
- BlackRock’s iShares Bitcoin Trust bucked the trend, pulling in $228 million and bringing its net inflows to $888 million for the year so far.
Experts framed the exodus as portfolio rebalancing rather than a loss of conviction.
The rotation extended beyond Bitcoin. World Liberty Financial, the Trump family’s DeFi project, sold $2.5 million in wrapped Bitcoin to buy 770 ETH. Spot ETH ETFs posted $114.7 million in inflows Tuesday, while XRP and Solana ETFs added $19 million and $9 million, respectively.
Jeff Mei, COO at BTSE, told The Block that traders are chasing upside beyond BTC’s ceiling: “It makes sense that traders are rotating toward SOL and XRP.”
After climbing 14% from recent lows, BTC failed to hold $94,000–$95,000 and is testing 0.382 Fibonacci support at $90,868. The Supertrend flipped to resistance at $95,121, signaling a potential bull trap. Upside requires reclaiming $94,007, then $97,227 and $101,700, while downside risks target $86,934, SAR at $86,093, and a wedge breakdown near $80,576
