Over $1.9 Billion Withdrawn from Bitcoin and Ethereum ETFs in Four Days
- Bitcoin ETFs experienced a capital outflow of over $1.33 billion from January 20 to January 23.
- The largest single-day withdrawal for Bitcoin occurred on January 21, totaling nearly $709 million.
- Ethereum ETFs saw withdrawals of $612 million during the same period, with a peak outflow of over $297 million on January 21.
- Withdrawals from Bitcoin on January 22 were relatively low at just $32 million, while Ethereum faced smaller daily exits around $42 million on Januarys’ last two days.
- Prior to this decline, both Bitcoin and Ethereum ETFs had their best performance since October, from January 12 to January 16.
The significant withdrawals from Bitcoin ETFs and Ethereum ETFs reflect changing investor sentiment and market dynamics affecting the cryptocurrency sector.
In total, over $1.9 billion was withdrawn across both ETF categories within four days, indicating heightened caution among investors following a brief period of positive performance.(Source)
