Spot BTC, ETH ETF outflows deepen, but the market refuses to break
The post Spot BTC, ETH ETF outflows deepen, but the market refuses to break appeared on BitcoinEthereumNews.com.
For days, the crypto market looked tense and uncertain. Investors were cautious as changing geopolitical signals from the U.S. President Donald Trump administration weighed on sentiment. Now, that tension is easing. The market is showing early signs of a relief rally. But something unusual is happening. The players expected to lead this recovery, large institutions through spot ETFs, are not participating. Bitcoin ETF analysis The scale of this institutional retreat is most evident in the Bitcoin [BTC] ETF data from 21st January, which recorded a staggering $708.7 million in total net outflows. Topping the charts was BlackRock’s IBIT, which saw $356.6 million in capital leave the fund, followed closely by Fidelity’s FBTC with $287.7 million in outflows. The selling pressure was nearly universal across the board, with Ark Invest recording $29.8 million in outflows and Bitwise seeing $25.9 million in outflows. Grayscale was no exception, as it recorded outflows worth $11.3 million. Even the smaller players like Valkyrie weren’t immune, recording a $3.8 million drain. The only outlier in the Bitcoin space was VanEck’s HODL, which managed to buck the trend with a modest $6.4 million in inflows, while the others remained stagnant at zero flow. This coincided with Bitcoin trading at $89,864.17 after a modest hike, as per CoinMarketCap data. Ethereum ETF analysis A nearly identical narrative played out for Ethereum [ETH], which saw a combined $287.0 million in net outflows on the same day. BlackRock’s ETHA accounted for the vast majority of the bleed with a $250.3 million exit. Fidelity’s FETH and Grayscale’s ETHE followed with outflows of $30.9 million and $11.4 million, respectively, while VanEck’s ETHV saw a $4.4 million reduction. In a rare reversal of its usual trend, Grayscale’s Mini ETH Trust was the sole fund to record positive movement with a $10 million inflow. This…
Filed under: News - @ January 22, 2026 11:27 am