Ethereum Nerves Show in VanEck’s ETHV as Investors Pull Nearly 3% of Assets in a Day
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The VanEck Ethereum ETF, ETHV, recorded net outflows of $4,420,980 on January 22, 2026, a move that shaved roughly 3.0% off its asset base in a single session. The fund now manages $147.37 million in assets under management (AUM), with the latest redemption wave underscoring mounting investor unease around Ethereum’s recent price slide and broader crypto sentiment.
The redemption size, while not catastrophic, is notable in proportional terms: nearly 3% of AUM exiting in one day suggests that a segment of holders is locking in profits or cutting risk as Ethereum struggles to regain its footing. For an institutional-grade product like ETHV, such flows often act as a barometer of professional sentiment toward the underlying asset.
The related asset, ETH-USD, is currently trading around $2,956.45, having shed about 24.6% over the past three months. This sustained drawdown signals that the market has been in a corrective phase, with traders reassessing valuations after earlier gains. The 1-day technical backdrop remains fragile, with a prevailing short-term signal of Sell, reinforcing the notion that momentum is still tilted to the downside.
For ETF investors, the combination of negative short-term technicals, a steep three-month decline, and meaningful outflows from ETHV highlights a cautious stance toward Ethereum exposure in the near term. Whether these flows mark capitulation or just a pause before fresh allocation will likely depend on how quickly Ethereum can stabilize and reclaim key technical levels.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

