From January 20 to 23, 2026, investors massively withdrew funds from spot exchange-traded funds based on Bitcoin and Ethereum. Over these four days, the total capital outflow from these ETFs exceeded $1.9 billion, marking the worst monthly result for both financial instruments.
This is reported by Finway
Record Outflow from Bitcoin ETFs
During this period, spot Bitcoin ETFs lost over $1.33 billion. The largest amount was withdrawn on January 21 — nearly $709 million. On January 22, the outflow was another $483 million, and on January 23, it exceeded $103 million. In comparison, on January 22, the amount of withdrawn investments was only $32 million.
“$612 million was withdrawn from Ethereum ETFs — the worst result in the past month.”
Capital Outflow from Ethereum ETFs
Investors also actively sold shares in Ethereum ETFs: $612 million was withdrawn from these funds over four days. The largest outflow occurred on January 21 — over $297 million. On January 20, nearly $230 million left the funds, while on January 22 and 23, it was $42 million each.
It is worth noting that trading was not conducted on January 19 due to the observance of a federal holiday in the United States in honor of Martin Luther King Jr.
In comparison, the week prior, from January 12 to 16, both types of ETFs showed the best performance since October 2025, demonstrating a significant inflow of investments.
It was previously reported that Japan plans to allow the launch of cryptocurrency ETFs in 2028, which could impact the global digital asset market in the future.