Investors withdrew approximately $1.82 billion from U.S.-based spot Bitcoin and Ether exchange-traded funds over the past five trading days, reflecting weakening sentiment across digital asset markets. Spot Bitcoin ETFs accounted for $1.49 billion in net outflows, while spot Ether ETFs recorded $327 million in withdrawals, according to Farside. data.
The outflows coincided with continued price declines. Over the past week, Bitcoin fell 6.5% to around $83,400, while Ether dropped nearly 9% to approximately $2,685. Bitcoin remains down more than 5% over the past 30 days despite a brief mid-January rally tied to regulatory speculation.
Precious Metals Surge Shifts Capital Allocation
Capital rotation toward precious metals intensified pressure on crypto-linked products. Gold and silver both reached record highs earlier in the week before sharp pullbacks, highlighting heightened volatility across asset classes. Market observers noted that enthusiasm for metals temporarily overshadowed digital assets following their strong multi-year performance.
Long-Term Outlook Remains Constructive
ETF analyst Eric Balchunas described recent pessimism around Bitcoin as short-sighted, pointing out that the asset significantly outperformed traditional markets in 2023 and 2024. He suggested that Bitcoin’s consolidation reflects a pause after rapid institutional adoption rather than a structural reversal, as broader narratives catch up with prior price gains.
Matt Hougan said in an X post on Jan. 15 ;
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.