Bitcoin ETFs lose $1.33B as Ethereum outflows hit $611M
Bitcoin ETFs recorded $1.33 billion in net outflows during the week ending January 23 and had the second-largest weekly redemption on record.
Summary
- Bitcoin ETFs saw $1.33B in outflows, the second-largest weekly redemption on record.
- Ethereum ETFs followed with $611M in withdrawals, led by BlackRock’s ETHA.
- Solana ETFs stayed positive with inflows, while XRP saw its first weekly outflow.
The exodus reversed the previous week’s $1.42 billion inflow, as institutional investors reduced crypto exposure amid market volatility.
Ethereum spot ETFs followed with $611.17 million in weekly outflows, led by BlackRock’s ETHA which posted $432 million in redemptions….
