US Spot Bitcoin ETFs Bleed $1.33B, Second-Largest Weekly Outflow Ever

US spot Bitcoin ETFs recorded heavy withdrawals during the week ending January 23, marking the second-largest weekly outflow on record. Net redemptions totaled $1.33 billion, reversing the strong buying seen just one week earlier across crypto funds.

The pullback wiped out the prior week’s $1.42 billion inflow as institutions reduced exposure amid volatile price action. Selling pressure remained consistent from January 20 to January 23, with every trading day posting net outflows across all listed products.

Weekly Bitcoin ETF Outflows

Monday opened with $483.38 million in redemptions, before Tuesday posted the heaviest single-day withdrawal of $708.71 million. The pace eased on Wednesday with $32.11 million leaving, followed by $103.57 million in outflows on Thursday to close the week.

As a result, the sustained selling reduced total assets under management to $115.88 billion by January 23, down from $124.56 billion a week earlier. Cumulative net inflows also declined, slipping to $56.49 billion from $57.82 billion across reported ETF products.

Despite the pullback, activity remained elevated, with weekly turnover reaching $17.45 billion across Bitcoin ETF products. The shift contrasted with the prior week, when four consecutive positive sessions drove more than $1 billion in net inflows.

By comparison, mid-January data points to stronger momentum, with January 14 recording the strongest single-day intake at $843.62 million. Flows were mixed before that, as the week ending January 2 posted inflows, while the period ending January 9 logged net outflows.

Ethereum ETFs See Broad Withdrawals

Ethereum spot ETFs mirrored the broader crypto downturn, posting $611.17 million in weekly outflows after a strong prior inflow period. BlackRock ETHA led the redemptions with $432 million, accounting for roughly 71% of total withdrawals across all listed funds.

Daily flows remained negative, starting with $229.95 million on January 20 and $297.51 million on January 21. Outflows eased later in the week, with $41.98 million and $41.74 million recorded over the final two sessions.

Consequently, Ethereum ETF assets declined to $17.70 billion by January 23 from $20.42 billion a week earlier. Cumulative inflows fell to $12.30 billion, while weekly turnover reached $6.99 billion across reported spot ETF markets.

Other products showed mixed performance, with XRP spot ETFs posting their first weekly outflow of $40.64 million. Solana spot ETFs stood out with $9.57 million in inflows, marking the only positive showing among major crypto funds globally.

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