Ethereum Outflows Hit Bitwise ETF as Token’s Slump Deepens
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The Bitwise Ethereum ETF, ticker ETHW, saw notable redemptions on January 23, 2026, with investors pulling out $15.16 million in net flows. The move represents roughly 4.35% of the fund’s latest reported assets under management, which stand at $348.9 million — a sizable single-day swing that underscores mounting caution around Ethereum-linked products.
The related asset, ETH-USD, is currently trading at $2,883.89, having shed about 29.37% over the past three months. The short-term tone remains bearish, with the 1-day technical signal flashing Sell, suggesting momentum traders are still biased toward further downside or at least continued volatility.
The combination of sustained price weakness in Ethereum and a negative near-term technical backdrop appears to be feeding into ETF sentiment, as some holders lock in profits from earlier rallies or de-risk amid broader uncertainty in digital assets. Yet, with AUM still firmly above $300 million, the Bitwise vehicle remains a significant institutional gateway to Ethereum exposure, leaving open the possibility that flows could quickly reverse if the token stabilizes or macro conditions turn more supportive for risk assets.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.