Significant Outflows Hit Bitcoin and Ethereum ETFs; Solana Sees Inflows, XRP ETF Falters

In the United States, Bitcoin and Ethereum ETFs experienced substantial outflows, as Bitcoin ETFs saw a significant $1.33 billion redemption during the week ending on January 23, marking the second-largest withdrawal on record, following a previous week's $1.42 billion inflow. Ethereum ETFs, with BlackRock’s ETHA leading, recorded $611 million in outflows within the same period. Concurrently, XRP ETFs noted their first weekly outflow since launch at $40.64 million, interrupting a momentum of positive inflows. In contrast, Solana ETFs countered the predominant downtrend, securing $9.57 million in weekly inflows. This period of market flux reflects an increased caution among institutional investors amidst ongoing market volatility. The overall assets under management (AUM) for these digital asset ETFs also reflected the decrease, emphasizing a wavering yet active engagement by institutional participants in these investment products.