Bitcoin and Ether ETFs log nearly $1B weekly outflows as crypto market drops 6%
On Thursday, cryptocurrency investment funds saw significant redemptions as total crypto market capitalization fell about 6% and nearly $1 billion exited Bitcoin and Ether products. Spot Bitcoin ETFs alone recorded $817.9 million in single-day outflows, contributing to roughly $1.1 billion in net redemptions so far in January and turning monthly flows negative. Ether and XRP products also posted sizable outflows, while broader risk-off sentiment tied to tariff concerns, tech stock weakness and high leverage unwinds added pressure across digital assets.