Bitcoin and Ethereum ETFs End 7-Day Positive Entry Streak! Here Are the Details

Bitcoin spot exchange-traded funds (ETFs) recorded a total net outflow of $457 million on Jan. 27, marking the first outflow after seven consecutive days of net inflows.

Bitcoin Spot ETFs See $457 Million Net Outflow for First Time in Over a Week

Leading the outflows were Fidelity’s FBTC, which withdrew $268 million, and Grayscale’s GBTC, which lost $108 million.

The outflows come amid a broader market pullback, with Bitcoin (BTC) recently falling below $98,000 as risk sentiment weakens in financial markets.

Ethereum Spot ETFs Also See Significant Outflows

Ethereum (ETH) spot ETFs also saw net outflows of $136 million on the same day. Grayscale’s ETHE led the decline with single-day outflows of $84.24 million, contributing to the current total net asset value (NAV) of Ethereum spot ETFs at $11.3 billion.

Recent data highlights the changing investor sentiment in the crypto ETF space, with both Bitcoin and Ethereum funds experiencing notable pullbacks.

Analysts are watching to see if this signals the start of a broader trend or if it is a temporary correction following strong entries in early January.

*This is not investment advice.