Last week was a turning point for the crypto ETF market in 2026, shifting from a slow start in early January to a massive wave of institutional accumulation.
Here is the essential breakdown of the major ETF movements for the week ending January 25, 2026:
1. The BTC & ETH "Inflow Surge" 🌊
After a rocky start to the month, the "Big Two" saw their strongest weekly demand in three months.
Bitcoin ETFs: Captured a massive $1.42 billion in net inflows. BlackRock’s IBIT continues to dominate, alone absorbing over $1 billion of that capital.Ethereum ETFs: Finally broke out of their quiet spell, pulling in $479 million. This is the highest weekly total for ETH funds since October 2025.Price Impact: This institutional "re-entry" helped BTC stabilize near $92,600 and pushed ETH back toward the $3,200 level.
2. The Dogecoin Milestone: $TDOG Launch 🐕🏛️
The headline of the week was the official Nasdaq debut of the 21Shares Dogecoin ETF ($TDOG) on January 22, 2026.
Legitimacy: It is the only ETF physically backed 1:1 by real DOGE and officially endorsed by the Dogecoin Foundation (via House of Doge).Target Audience: The fund is specifically designed for "young, affluent mainstream investors" looking for regulated exposure without managing wallets.Competitive Landscape: $TDOG joins the recently launched Dogecoin products from Bitwise and Grayscale, signaling that "Meme Coins" are now a permanent institutional asset class.
3. Morgan Stanley Joins the Race 🏦
In a move that caught the market by surprise, Morgan Stanley filed with the SEC last week to launch its own Spot Bitcoin and Solana ETFs.
As one of the first major U.S. banks to pursue its own branded crypto ETF products, this move is expected to unlock access for trillions of dollars in wealth-managed advisory assets later this year.
The data shows a clear shift: we are moving away from speculative "cash and carry" trades and back into long-term institutional positioning. The fact that ETFs are now absorbing more than 100% of new
$BTC and
$ETH issuance suggests a potential supply squeeze is building for Q1 2026.
#ETFs #LightForYou