Overview
- CoinShares reports the largest weekly withdrawal since mid-November 2025, with Bitcoin products losing $1.09 billion and Ethereum $630 million.
- The United States drove roughly $1.8 billion of the redemptions, while the biggest issuers were hit hardest: BlackRock (~$951 million), Fidelity (~$469 million) and Grayscale (~$270 million).
- Total assets under management fell to about $178 billion, with CoinShares citing fading rate-cut expectations, weak price momentum and disappointment over the ‘debasement trade.’
- Subsequent daily data turned mixed: Bitcoin ETFs logged a $6.8 million inflow on Jan. 26 after a five-day $1.7 billion slide, U.S. Ethereum ETFs took in about $117 million led by Fidelity, and XRP and Solana posted modest inflows.
- Longer-window gauges remain soft, with analytics firms noting that 30-day ETF netflow averages are still negative despite isolated positive sessions.