Ethereum ETF Bleeds Assets as Outflows Erase Nearly 40% of 21Shares Fund in a Day
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The 21Shares Ethereum Etf, ticker TETH, saw a sharp reversal of sentiment on January 22, 2026, with investors pulling $10.56 million from the fund in a single session. The outflow amounted to 38.5% of its latest reported assets under management (AUM), which now stand at $27.43 million, underscoring how concentrated and fragile flows have become in some single-asset crypto products.
Such a large redemption relative to AUM suggests a combination of profit-taking by early entrants and capitulation by more recent buyers unnerved by Ethereum’s price slide and the broader risk-off tone across digital assets. For a fund of this size, one sizeable institutional withdrawal or a cluster of retail redemptions can materially reshape the asset base overnight, potentially affecting liquidity and trading spreads.
The related asset, ETH-USD, is currently trading at $2,719.08. Over the past three months, Ethereum has dropped about 23.0%, a drawdown that has pressured crypto-linked ETPs worldwide as investors reassess their appetite for volatility. Short-term momentum remains bearish: the 1-day technical signal screens as Sell, reinforcing the cautious tone among traders and ETF holders alike.
While some long-term crypto investors may view the combination of price weakness and ETF outflows as a contrarian opportunity, the recent data from TETH highlights how quickly sentiment can sour when underlying assets face sustained technical and macro headwinds. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.