Bitcoin ETF Investors Hit the Brakes as HODL Sees Nearly 1% AUM Redemption
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VanEck Bitcoin Trust Shs of Benef Interest’s ETF, HODL, recorded a substantial outflow of $12,658,850 on January 21, 2026, marking a notable pullback in investor appetite. With current assets under management of $1,413,993,545, the single-day redemption represented roughly 0.90% of the fund’s AUM, a meaningful swing for a product tied so closely to sentiment around bitcoin.
The move underscores a cautious tone creeping into the market after bitcoin’s latest leg lower. The related asset, BTC-USD, is trading around $89,911.24, having shed about 17% over the past three months. Technically, the backdrop looks fragile as well, with a 1-day signal flashing Strong Sell, a combination that may be encouraging shorter-term traders to lock in gains or cut risk.
While the outflow is far from existential for HODL given its sizeable asset base, it illustrates how quickly ETF flows can pivot when price momentum fades and technical indicators turn against the underlying asset. Longer-term holders may see the move as routine volatility in a historically cyclical market, but for tactical investors, the latest redemption is a clear sign that the easy bullish narrative around spot bitcoin exposure is being tested.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.