Ethereum ETF Sees Investors Head for the Exits as Outflows Bite Into AUM
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The Bitwise Ethereum ETF, ETHW, recorded a sharp daily outflow of $15.16 million on January 23, 2026, a move that shaved roughly 4.34% off its assets under management. The fund now oversees about $349.3 million in AUM, with the latest redemption wave signaling growing investor caution toward Ethereum-linked products.
The exodus comes against a challenging backdrop for the underlying asset. The related asset, ETH-USD, is currently trading at $3,011.22, having dropped about 26.16% over the past three months. Near-term momentum remains fragile, with a 1-day technical rating flashing a bearish Sell signal.
The combination of sustained price weakness in Ether and negative technicals appears to be prompting some ETF holders to lock in remaining gains or cut risk, even as long-term advocates argue that Ethereum’s broader ecosystem fundamentals are intact. For now, flows suggest that short-term sentiment is firmly on the defensive, and ETH-linked products like ETHW are feeling the pressure.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

