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On January 21, U.S.-listed spot Bitcoin and Ethereum exchange-traded funds experienced over $1 billion in outflows in a single trading session, as investors exited the two largest cryptocurrencies amid a broader market decline.
In contrast, smaller altcoin-linked products associated with Solana and XRP observed net inflows, indicating a noticeable disparity in institutional positioning during the recent volatility.
As reported by SoSoValue, on January 21 (ET), Bitcoin spot ETFs faced a total net outflow of $709 million, marking the third consecutive day of net outflows, while Ethereum spot ETFs recorded a net outflow of $298 million. Meanwhile, Solana spot ETFs saw a total net… pic.twitter.com/rQZrHfM8LK
— Wu Blockchain (@WuBlockchain) January 22, 2026
Despite both asset classes having positive cumulative inflows since their inception, Bitcoin and Ethereum ETFs reported withdrawals exceeding $1 billion.
Bitcoin ETFs Experience November-High Redemptions Amid Global Market Surge
According to Bloomberg, the outflows from Bitcoin ETFs represented the largest one-day redemption since November, coinciding with a reversal in conventional risk assets against a backdrop of easing geopolitical tensions.
Comments made by U.S. President Donald Trump at Davos, where he dismissed military action regarding Greenland and suggested a pause on tariffs against Europe, contributed to the uplift in equities across the U.S., Europe, and Asia.
The iShares Bitcoin Trust managed by BlackRock saw the highest outflow at $356.64 million, followed by Fidelity’s FBTC at $287.67 million. Grayscale’s GBTC continued to face smaller yet consistent redemptions, accumulating a total net outflow of over $25 billion since its conversion.
Bitcoin ETF data source: SoSoValue
The HODL was the only notable Bitcoin ETF to record a net inflow, amounting to $6.35 million.
Bitcoin ETFs have already noted weekly net outflows of $1.19 billion, while January remains slightly positive overall, with net inflows of $17.56 million.
Source: Cryptonews
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At the time of this report, Bitcoin was trading at around $89,100, reflecting a nearly 7% decline over the past week, with trading volume decreasing, suggesting a low level of short-term activity.
Ethereum ETFs Face Selling Pressure, Primarily from BlackRock’s ETHA
Ethereum ETFs showed similar pressures as Bitcoin. On January 21, spot Ether ETFs reported net outflows of $297.51 million, following another significant outflow the day before.
BlackRock’s ETHA was responsible for the majority of the redemptions, shedding over $250 million, while Fidelity’s FETH and Grayscale’s ETHE also reported net withdrawals. Notably, Grayscale’s lower-fee ETH mini trust recorded a modest inflow.
Despite the outflows, Ethereum ETFs still held close to $18.3 billion in assets, which represents roughly 5% of Ethereum’s market capitalization.
Ethereum briefly regained the $3,000 mark before retreating, trading near $2,900, and was down almost 13% over the past week.
Capital Shifts to Solana and XRP ETFs Amid General ETF Selloff
In contrast to the sell-off in Bitcoin and Ethereum products, Solana and XRP spot ETFs attracted new capital. Solana ETFs noted net inflows of $2.92 million on January 21, bringing cumulative inflows to nearly $870 million.
Assets under management increased to about $1.10 billion, bolstered by consistent interest in products from Fidelity, VanEck, and Grayscale, even as SOL’s price dropped over 11% on the week.
XRP ETFs also saw a rebound, recording $7.16 million in net inflows after starting the week with outflows. Cumulative inflows since launch now total $1.23 billion, with total assets around $1.39 billion.
Funds from Bitwise, Franklin Templeton, and Canary Capital led the day’s inflows, despite XRP trading lower alongside the broader market.
Market analysts noted that the divergence reflected positioning rather than fundamentals, with Bitcoin and Ethereum ETFs responding to macro-driven rebalancing, while smaller Solana and XRP funds attracted selective inflows following prior declines.
The post Bitcoin & Ethereum ETFs Shed Over $1B – But Solana and XRP See Inflows appeared first on Cryptonews.
