Ethereum ETFs recorded $41.98 million in outflows on January 22, marking the third consecutive day of withdrawals, according to SoSoValue data. This brings the three-day total to $569.44 million. Bitcoin ETFs also saw $32.11 million in outflows on the same day, continuing a four-day streak of withdrawals totaling $1.62 billion. Despite the negative trend, Solana spot ETFs reported $1.71 million in inflows.
BlackRock's ETHA led Ethereum ETF outflows with $44.44 million, while Bitwise's ETHW saw $15.16 million in withdrawals. Grayscale's ETHE and ETH products partially offset these losses with a combined $17.63 million in inflows. Cumulative net inflows for Ethereum ETFs decreased to $12.34 billion, with total net assets dropping to $17.73 billion.
Bitcoin ETFs experienced their smallest daily outflow in the current streak, led by BlackRock's IBIT with $22.35 million in withdrawals. The cumulative net inflows for Bitcoin ETFs fell to $56.60 billion, with total net assets at $115.99 billion. Weekly outflows for Bitcoin ETFs reached $1.22 billion, reversing the previous week's inflows of $1.42 billion.
Ethereum and Bitcoin ETFs Face Continued Outflows Amid Market Pressure
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