Ethereum Nerves Show as VanEck’s ETHV Sees Notable Outflows Despite Growing Assets
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The VanEck Ethereum ETF, ETHV, recorded net outflows of $5.47 million on January 21, 2026, a move that trimmed roughly 3.55% from its asset base in a single session. Despite the setback, the fund still manages a substantial $154.39 million in assets under management (AUM), underscoring that investor conviction remains intact but increasingly tactical.
The latest redemption wave comes against a challenging backdrop for its underlying asset, Ethereum. The related asset, ETH-USD, is trading around $3,010.80, having shed about 21.8% over the past three months. Short-term sentiment is equally cautious, with the 1-day technical signal flashing a bearish stance at Strong Sell.
The scale of outflows, while not enough to destabilize the ETF, suggests that a portion of investors is using recent price weakness and negative technicals to de-risk or lock in prior gains. Yet the fund’s nine-figure AUM indicates that many longer-term holders are staying put, potentially positioning for a rebound once Ethereum’s technical picture stabilizes and macro risk appetite improves.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.