Ethereum Investors Hit the Brakes as Bitwise ETF Sees Sharp Outflows
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The Bitwise Ethereum ETF, ETHW, recorded a sizeable single-day redemption of $31.1 million on January 21, 2026, marking a notable vote of caution from investors. The outflow represents roughly 8.39% of the fund’s latest reported assets under management, which stand at $370.6 million, underscoring how quickly sentiment around Ethereum-linked products can swing in a weak market.
The related asset, ETH-USD, is currently trading at $3,010.80, having shed about 21.8% over the past three months. The token’s 1-day technical posture leans decidedly bearish, flashing a Strong Sell signal, a backdrop that likely amplified risk-off positioning in the ETF.
The combination of sizable ETF redemptions and a deteriorating technical setup in spot Ethereum suggests that institutional and sophisticated traders may be trimming exposure rather than buying the dip. With nearly a tenth of ETHW’s capital pulled in a single session, the move hints at growing unease over near-term price momentum and regulatory or macro uncertainties weighing on the broader crypto complex.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.