On January 27, the outflow from spot Bitcoin exchange-traded funds reached a two-week high of $457.5 million. In the preceding seven days, investors had poured $4.22 billion into these instruments.
Glassnode noted that around 5,000 BTC were withdrawn from ETFs, which is significantly less than the record outflow on January 10 (11,600 BTC).
#Bitcoin ETFs saw ~$503M in outflows as $BTC dipped below $100K yesterday. While significant (5K #BTC exited), this aligns with Jan’s average negative days and stays well below Jan 10’s record ~11,600 #BTC outflows: https://t.co/HRAtCWXdKe pic.twitter.com/mp6V0YDmwP
— glassnode (@glassnode) January 28, 2025
The cumulative inflow since the approval of BTC-ETF in January has decreased to $39.48 billion.
AUM of the products fell to $117.4 billion.
IBIT accounts for 49.3% ($57.9 billion) of this amount. Together with Fidelity’s FBTC ($21.3 billion) and Grayscale’s GBTC ($20.42 billion), BlackRock’s ETF has concentrated 84.8% of the sector’s funds.
ETH-ETF
On January 27, the outflow from ETH-ETF amounted to $136.3 million — the second highest in history; only January 8 saw a larger outflow ($159.3 million).
Since the launch, the instruments have attracted $2.67 billion.
AUM has decreased to $11.3 billion.
Leading in terms of attracted funds are Grayscale’s ETHE ($4.25 billion) and BlackRock’s ETHA ($3.75 billion).
Earlier, CF Benchmarks experts suggested that in 2025, investment advisors will increase their positions in Bitcoin and Ethereum-based ETFs by more than 50%.
Previously, CBOE and Nasdaq proposed that the SEC allow the redemption of assets in cryptocurrency-based exchange-traded funds in-kind. If approved, investors will be able to redeem funds directly in the underlying asset.