Ethereum ETF Jitters: VanEck’s ETHV Sees One-Day Outflows as Token Slumps Nearly 30% in Three Months

Ethereum Nerves Show as VanEck’s ETH ETF Sees Near-3% AUM Outflow in a Day

VanEck’s Ethereum fund, the ETHV ETF, recorded net outflows of $4,420,980 on January 22, 2026, a notable one-day pullback that shaved roughly 2.99% off its $147.53 million in assets under management (AUM). While the fund remains sizable, the latest redemption wave underscores mounting investor caution around Ethereum-linked products after a difficult quarter for the underlying token.

The related asset, ETH-USD, is currently trading around $2,905, having dropped about 28.7% over the past three months. Short-term momentum remains weak, with the 1-day technical signal flashing a cautious Sell. That backdrop helps explain why some traders are trimming exposure in ETHV, locking in prior gains or reducing risk as volatility persists in the broader crypto complex.

Still, the fact that the outflow represents just under 3% of AUM suggests investors are repositioning rather than staging a wholesale exit. For some, the drawdown in ETH offers a potential entry point, but the current technical posture signals that many market participants are waiting for a clearer bottom before rotating back into Ethereum-centric ETFs like ETHV.

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