Overview
- U.S. spot bitcoin funds saw $817.9 million in outflows on Jan. 29 and another $509.7 million on Jan. 30, capping roughly $1.5 billion in redemptions for the Jan. 26–30 stretch.
- Ethereum products also bled capital, with $155.6 million withdrawn on Jan. 29 and $252.9 million on Jan. 30, contributing to about $327 million in weekly outflows.
- Sustained selling pushed bitcoin ETF assets to about $106.9 billion and clipped cumulative net inflows to roughly $55 billion, while bitcoin held near $82,000 after a nine‑month low.
- Analysts tied the pullback to speculation about a hawkish Fed chair pick, weak equity signals, and a dollar liquidity drain that pressured leveraged arbitrage strategies tied to spot ETFs.
- XRP funds registered a record single‑day $92.9 million withdrawal on Jan. 29, led by a roughly $98 million Grayscale redemption, then saw fresh inflows and record trading volume the next session.