January 21 News, influenced by the ongoing fermentation of macroeconomic and geopolitical uncertainties, US spot Bitcoin ETFs and Ethereum ETFs experienced a total net outflow of approximately $713 million this Tuesday, marking the most significant institutional de-risking signal since 2026. Data shows that on that day, Bitcoin-related funds saw a combined outflow of about $483 million, with multiple products under pressure, reflecting institutional investors’ quick reduction of exposure amid increasing market volatility. A day earlier, similar selling pressure had already appeared, with Bitcoin ETF net outflows approaching $400 million, indicating that the withdrawals are not isolated incidents.
Regarding Ethereum ETFs, there was a net outflow of about $230 million on Tuesday, ending a five-day streak of capital inflows. Some products managed by large asset management firms experienced significant reductions in holdings, directly weakening buy support in the spot market. Against this backdrop, Bitcoin’s price briefly fell below $89,000, contrasting sharply with the high of nearly $97,000 a week ago; Ethereum also weakened simultaneously, falling below $3,000, which heightened market caution.
Several researchers linked this round of capital outflows to international geopolitical situations. Trade frictions between the US and the EU over Greenland remain unresolved, and volatility in the global bond markets, along with Japanese investors’ sell-off of government bonds, are believed to have weakened overall liquidity, further transmitting to stocks and crypto assets. Peter Chung of Presto Research pointed out that such cross-market pressures often amplify the downside of risk assets in the short term.
However, some believe this is more of a phase adjustment rather than a trend reversal. Jeff Mei thinks that although Trump’s tariff rhetoric impacted the market, historical experience shows that such positions tend to ease under market pressure. Nick Ruck of LVRG stated that the current capital outflows are more indicative of temporary de-leveraging driven by geopolitical factors, and institutional views on the long-term value of crypto assets have not fundamentally changed.
It is worth noting that on the same trading day, XRP-related ETFs also experienced net outflows exceeding $50 million, while Solana-related products recorded approximately $3 million in net inflows, indicating more refined capital reallocation. As the macro environment gradually clarifies toward 2026, the market generally expects these fluctuations to lay the groundwork for the next phase of capital inflows.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Falls Below $70,000: PPI Exceeds Expectations + Powell's Hawkish Stance, Rate Cut Expectations Dampened
On March 19, Bitcoin pulled back to a key support zone due to unexpected U.S. inflation data and hawkish signals from Federal Reserve Chair Powell, declining over 4.6% and currently trading near $70,800. Market expectations for rate cuts have cooled, with the total crypto market cap declining to approximately $2.51 trillion and sentiment remaining cautious. If Bitcoin breaks below $70,000, it could potentially decline further to $65,000. Market momentum is highly dependent on macroeconomic factors.
GateNews2m ago
FTX Collapse Adaptation Cast Revealed: Netflix Bets on the Biggest Event in Crypto History, SBF and Caroline Ellison as the Main Focus
Netflix launches FTX-themed series "The Altruists," focusing on the rise and fall of Sam Bankman-Fried and Caroline Ellison, presenting a significant event in the crypto industry. The main cast includes Anthony Boyle and Julia Garner, exploring financial system restructuring and fund misappropriation issues, which may deepen discussions on cryptocurrency asset regulation.
GateNews4m ago
Sovereign Selling Intensifies? Bhutan Transfers 76 Million USD in Bitcoin, Continued Position Reduction Weighs on Market Sentiment
Bhutan has recently conducted another large-scale Bitcoin transfer, moving out 973 BTC within the past 24 hours, continuing to reduce its Bitcoin reserves. Current holdings stand at 4,400 BTC. The market is reassessing the impact of sovereign holders on Bitcoin supply and demand, with macroeconomic factors driving volatility.
GateNews7m ago
Bitcoin Fails to Break Higher: Why the $70,000 Level Remains Elusive? Key Indicators Reveal Upside Concerns
Bitcoin recently briefly broke through $74,000 but pulled back to around $70,800 due to selling pressure from short-term holders. While the price shows an upward trend, it faces structural resistance, and the current movement appears more like a bear market rally rather than the start of a bull market. Without effectively resisting selling pressure, it could break below the $70,000 support level. The market is still waiting for clearer signals.
GateNews9m ago
STRC Becomes Key Weapon? Strategy Approaches BlackRock Bitcoin Holdings, Institutional Showdown Enters Peak Competition
Strategy is rapidly catching up to BlackRock in Bitcoin holdings, currently holding 761,068 BTC valued at approximately $57 billion. The company continues to increase positions through funding via its preferred stock product STRC. Despite stable funding sources, it faces equity dilution and market risks, with future competitive dynamics dependent on macroeconomic liquidity and financing channels.
GateNews29m ago
