Bitcoin Dip, ETF Grip: VanEck’s HODL Fund Attracts Fresh Inflows Despite Price Slump
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VanEck Bitcoin Trust Shs of Benef Interest’s ETF, HODL, drew approximately $6.35 million in new money on January 22, 2026, even as the underlying crypto market remains under pressure. The latest inflow represents about 0.45% of the fund’s $1.42 billion in assets under management (AUM), a meaningful vote of confidence from investors who appear willing to buy into the recent weakness in Bitcoin.
The related asset, BTC-USD, is currently trading around $89,437, down roughly 21.5% over the past three months. Despite this drawdown, which underscores the renewed volatility in the crypto space, HODL’s latest positive flow suggests that some institutional and sophisticated retail investors view the pullback as an accumulation opportunity rather than a reason to exit.
Short-term technicals remain cautious. Bitcoin’s one-day technical signal currently flashes a guarded stance, sitting at Sell. That disconnect—near-term bearish signals against fresh ETF inflows—highlights a familiar crypto dynamic: traders may be bracing for more turbulence while longer-horizon investors continue to allocate via regulated ETF vehicles.
With HODL’s flows turning positive amid a three-month slide in Bitcoin prices, the ETF is emerging as a barometer of risk appetite among investors who prefer the structure and custody framework of traditional markets. Whether these inflows mark a contrarian bet ahead of a potential rebound or a premature plunge into further volatility will hinge on how macro conditions, regulatory developments, and crypto-specific sentiment evolve in the weeks ahead.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

