Bitcoin ETFs Shed $1.7B in a Week as Ethereum Loses Nearly $600M
Crypto ETF flows over the past week show a sharp split forming between the major assets. Bitcoin and Ethereum funds have suffered heavy and persistent outflows, while Solana-linked ETFs have quietly attracted fresh capital. XRP flows briefly turned positive but failed to offset selling pressure later in the week.
The data points to a broader shift in investor positioning rather than a single headline-driven move.
- Bitcoin ETFs recorded roughly $1.7 billion in net outflows between January 16 and January 23, marking one of the heaviest weekly drawdowns in recent months.
- Ethereum ETFs followed the same trajectory, losing close to $600 million over the same period with no sustained inflow days.
- Solana ETFs bucked the trend, attracting around $9.5 million in net inflows and standing out as a relative bright spot.
- XRP ETFs saw early inflows around January 20, but late-week outflows ultimately outweighed those gains.
Bitcoin ETFs See Heavy Weekly Withdrawals
Bitcoin spot ETFs experienced substantial outflows between January 16 and January 23. Over that period, cumulative withdrawals reached roughly $1.72 billion, based on daily net flows in the dataset.
The largest pressure came from January 20 and January 21, when combined daily outflows exceeded $1.18 billion. Selling remained consistent through the rest of the week, with no meaningful recovery days to stabilize flows.
This sustained drawdown suggests institutional investors were reducing exposure rather than simply rebalancing. Even on days when Bitcoin’s price showed signs of stabilization, ETF investors continued to pull capital from spot products.
Ethereum ETFs Follow a Similar Pattern
Ethereum spot ETFs mirrored Bitcoin’s weakness, though on a smaller absolute scale. From January 16 through January 23, Ethereum ETFs recorded net outflows of approximately $596 million.
Aside from a marginal inflow on January 16, every major trading day during the period showed net withdrawals. The sharpest outflows occurred on January 20 and January 21, when more than $500 million left Ethereum ETFs combined.
The consistency of the selling points to broader risk reduction rather than asset-specific concerns. Investors appear to be trimming core crypto exposure across the board instead of rotating between Bitcoin and Ethereum.
Solana ETFs Attract Steady Inflows
While Bitcoin and Ethereum struggled, Solana-linked ETFs moved in the opposite direction. From January 17 through January 23, Solana ETFs recorded combined net inflows of about $9.5 million.
The inflows were modest but steady, with positive contributions across multiple days and no meaningful drawdown sessions. In a week dominated by red flows elsewhere, Solana stood out as one of the few large-cap crypto assets still attracting new capital via ETFs.
This divergence suggests some investors are selectively rotating into alternative Layer 1 exposure rather than exiting crypto entirely.
XRP Flows Turn Mixed After Early Strength
XRP ETFs showed early signs of strength, posting net positive flows around January 20. However, inflows failed to hold momentum, and outflows during the remainder of the week outweighed the initial gains.
On a net basis, the late-week selling pressure erased earlier inflows, leaving XRP ETFs slightly negative overall despite the brief positive stretch. This pattern reinforces the broader theme of cautious positioning, even in assets that initially attracted interest.
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Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
