Bitcoin ETFs See Second Largest Weekly Redemption on Record

Bitcoin exchange traded funds saw a sharp change in investor behavior during the week ending January 23. After strong buying earlier in the month, institutional capital moved to the sidelines as volatility reshaped positioning across major crypto ETF products.

Good to Know

• Bitcoin ETFs posted the second largest weekly outflow on record
• Ethereum ETFs and XRP ETFs also turned negative
• Solana ETFs remained the only major product with inflows

Bitcoin ETFs recorded $1.33 billion in net outflows for the week, reversing the prior weeks $1.42 billion inflow. The pullback reflected risk reduction among institutions following rapid price swings and heavy trading activity.

Ethereum spot ETFs followed the same direction. Weekly outflows reached $611.17 million, with BlackRock ETHA accounting for $432 million of that total. Selling pressure concentrated heavily in larger funds rather than spreading evenly across issuers.

XRP spot ETFs also shifted direction. Products tied to XRP posted $40.64 million in weekly outflows, marking the first negative week since launch and ending a streak of steady inflows.

Solana spot ETFs moved against the broader trend. SOL products recorded $9.57 million in net inflows, standing as the only major crypto ETF category to attract new capital during the week.

Four Consecutive Days of Bitcoin ETF Selling

Selling pressure remained consistent from January 20 through January 23. Bitcoin ETFs opened Monday with $483.38 million in outflows. Tuesday delivered the largest single day redemption of the week at $708.71 million.

Wednesday showed a pause with $32.11 million leaving the products. Thursday closed the stretch with another $103.57 million in withdrawals.

Total assets under management across Bitcoin ETFs declined to $115.88 billion on January 23, down from $124.56 billion on January 16. Cumulative net inflows also slipped from $57.82 billion to $56.49 billion over the same period.

Despite the capital exit, trading activity stayed elevated. Total weekly value traded reached $17.45 billion, pointing to active repositioning rather than fading interest.

January Shows Rapid Flow Swings

Bitcoin ETF data across January highlights sharp alternation between inflows and outflows. The week ending January 2 posted $458.77 million in inflows. That was followed by $681.01 million in outflows during the week ending January 9.

The pattern continued with a strong inflow week ending January 16, then a rapid reversal one week later. Institutional exposure appears highly sensitive to short term volatility, price momentum, and broader market signals.