In the continuation of outflows reported earlier this week amid anticipation for US jobs data and tariff rulings, investors pulled more than $1.3 billion from Bitcoin exchange-traded funds and $351 million from Ethereum ones over the past seven days, erasing initial January inflows. Bitcoin trades near $90,623 (up 1% weekly), while Ethereum holds at $3,093 (flat), amid broader market volatility.
The cryptocurrency market started January strongly, with over $1.5 billion flowing into US Bitcoin and Ethereum ETFs in the first two days, boosting prices. However, sentiment shifted rapidly, resulting in net redemptions of $1.3 billion from Bitcoin ETFs and $351 million from Ethereum funds for the week, per Farside Investors data. This builds on recent daily outflows exceeding $1.1 billion for Bitcoin in the prior three days.
Bitcoin hovers at $90,623, up 1% over seven days, while Ethereum—after a mid-week high of $3,293—stands at $3,093, unchanged weekly. These levels follow a weak close to 2025, marked by a historic $19 billion October leveraged liquidation.
Despite 2025 highs fueled by President Trump's pro-crypto policies and legislation, both remain below all-time peaks. Analysts point to enduring trends like the debasement trade, pairing Bitcoin with gold against rising US and global debts.
ETFs, approved in 2024 by the SEC and managed by BlackRock, Fidelity, and Grayscale, offer US investors simplified access. Altcoins like XRP and Solana gained 4% weekly to $2.09 and $136. The outflows signal market sensitivity to capital shifts, departing from prior positive flows after months of withdrawals.
