Spot BTC, ETH ETF outflows deepen, but the market refuses to break
Despite significant outflows from major cryptocurrency ETFs, the market shows resilience. On January 21, Bitcoin ETFs saw $708.7 million in net outflows, led by BlackRock’s IBIT and Fidelity’s FBTC. Ethereum ETFs followed a similar trend with $287.0 million in outflows, primarily from BlackRock’s ETHA. However, altcoins like XRP and Solana bucked the trend with inflows of $7.18 million and $3.0 million, respectively, indicating a potential capital shift toward higher-risk assets. Meanwhile, Grayscale filed for a NEAR spot ETF, signaling continued institutional interest. The data suggests cautious de-risking rather than panic, with the market refusing to break amid geopolitical uncertainty.
ambcrypto01/22 11:02
