US Spot Bitcoin and Ethereum ETFs See Significant Net Outflows

U.S.-listed spot Bitcoin and Ethereum ETFs suffered nearly $1 billion in combined outflows on Jan. 29 as crypto markets saw sharp declines. According to SoSoValue, Bitcoin ETFs registered $817.9 million in withdrawals, the largest daily outflow since Nov. 20, led by BlackRock’s IBIT (-$317.8M), Fidelity’s FBTC (-$168M), and Grayscale’s GBTC (-$119.4M). Ethereum ETFs shed $155.6 million, with BlackRock’s ETHA (-$54.9M) and Fidelity’s FETH (-$59.2M) posting the largest losses, bringing total Ethereum ETF assets down to $16.75 billion from over $18 billion earlier this month. Bitcoin fell below $85,000, briefly approaching $81,000, while Ethereum dropped more than 7%. Analysts attribute the coordinated selling to institutional risk reduction amid heightened volatility, hawkish Federal Reserve expectations, and liquidation of leveraged positions, with some viewing it as a leverage shakeout rather than a shift to a bear market.