Ethereum ETF Sees Notable Outflow as Token’s Slide Deepens
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The iShares Ethereum Trust ETF, ETHA, recorded a sizable daily outflow of $44.44 million on January 23, 2026, trimming risk exposure as volatility in the underlying crypto asset persists. Despite the redemption, the fund still oversees $10.14 billion in assets under management (AUM), with the latest withdrawal representing roughly 0.44% of total assets.
The move signals a bout of profit-taking or de-risking rather than a wholesale exodus, but it comes at a moment when sentiment around Ethereum has clearly softened. Outflows of this scale can amplify short-term price swings and may reflect institutional caution over the near-term trajectory of the second-largest cryptocurrency by market cap.
The related asset, ETH-USD, is currently trading at $2,956.45, down about 24.65% over the past three months, underscoring the depth of the recent pullback. Short-term technicals remain negative, with a 1-day signal of Sell, suggesting momentum traders are still positioning for potential further downside or, at minimum, a prolonged consolidation phase.
For ETF investors, the combination of meaningful outflows, a sharp three-month decline in the underlying asset, and bearish short-term technicals paints a picture of a market in reset mode, where conviction is being tested but long-term themes around blockchain adoption and Ethereum’s role in decentralized finance remain in the background. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.