Ethereum Outflows Test Investor Nerves as Bitwise ETF Bleeds 4% of Assets in a Day
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The Bitwise Ethereum ETF, ETHW, saw a sharp reversal in sentiment on January 23, 2026, as investors pulled $15.16 million from the fund. The single-day outflow represents roughly 4.35% of the ETF’s $348.9 million in assets under management (AUM), a sizable hit that underscores mounting caution around Ethereum exposures.
The related asset, ETH-USD, is currently trading at $2,931.63, having dropped about 25.26% over the past three months. Short-term momentum remains fragile, with the 1-day technical signal flashing a cautious Sell. The combination of persistent price weakness and bearish technicals appears to be feeding into ETF redemptions, as investors reassess risk after Ethereum’s recent drawdown.
Still, despite the latest outflows, ETHW retains a substantial asset base, suggesting that institutional and professional allocators are trimming rather than abandoning positions. The flows highlight a broader pattern in digital-asset markets: rapid shifts in sentiment can quickly translate into sizeable moves in listed products, amplifying both downside protection and potential upside participation when conditions turn.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.