Bitcoin and Ethereum Spot ETFs Record Significant Outflows

On January 27, Bitcoin spot exchange-traded funds (ETFs) experienced a significant shift, recording $457 million in net outflows.

This marked the first decline in over a week following seven consecutive days of inflows.

Fidelity’s FBTC led the outflows, accounting for $268 million, followed by Grayscale’s GBTC, which saw $108 million withdrawn. The decline coincides with a broader market pullback, as Bitcoin’s price dropped below $98,000 amid weakening risk sentiment across financial markets.

Ethereum spot ETFs also faced notable withdrawals, with $136 million in net outflows on the same day. Grayscale’s ETHE fund was the largest contributor to the decline, losing $84.24 million, bringing the total net asset value (NAV) of Ethereum spot ETFs to $11.3 billion.

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The recent outflows highlight a potential shift in investor sentiment within the crypto ETF market. After strong inflows earlier in January, both Bitcoin and Ethereum funds are now experiencing pullbacks, prompting analysts to assess whether this signals a broader trend or merely a temporary correction. The coming weeks will be crucial in determining how these funds perform as market dynamics evolve.

Alexander Stefanov