Ethereum Exit or Tactical Pause? Bitwise ETHW ETF Sees Nearly 3% of Assets Walk Out
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The Bitwise Ethereum ETF, ETHW, recorded a sharp outflow of $11.23 million on January 8, 2026, as investors trimmed exposure to the Ethereum ecosystem. The redemption amounts to roughly 2.9% of the fund’s latest assets under management, which stand at $383.9 million, signaling a meaningful bout of profit-taking or risk reduction rather than a marginal adjustment.
The related asset, ETH-USD, is currently trading at $3,135.06, having shed about 26.7% over the past three months. That downward trajectory is echoed in short‑term technicals, with the 1‑day signal registering as a cautious Sell. Together, the negative flows in ETHW and the weak near‑term setup in spot Ethereum highlight how quickly sentiment has shifted from optimism to defense as volatility resurfaces in major crypto assets.
Still, ETHW retains a substantial asset base, suggesting longer‑term believers are staying put even as more tactical traders head for the sidelines. Whether this week’s outflows prove to be a brief shakeout or the start of a deeper repositioning will likely hinge on Ethereum’s ability to stabilize after its recent drawdown and reclaim key technical levels.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.