Ethereum ETF Sees Investors Head for the Exits as Outflows Bite Into Trust
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The iShares Ethereum Trust ETF, ETHA, recorded a sharp single-day outflow of $44.44 million on January 23, 2026, underscoring renewed investor caution around the second-largest cryptocurrency. The redemption, while amounting to just 0.44% of the fund’s latest $10.14 billion in assets under management (AUM), marks a notable vote of skepticism at a time when Ether’s price momentum has turned decisively lower.
The related asset, ETH-USD, is currently trading at $2,931.63, having shed about 25.26% over the past three months. The short-term tone remains fragile, with a 1-day technical signal flashing Sell. That backdrop helps explain why a portion of institutional and ETF-based investors are taking chips off the table, even if the latest outflows represent a relatively modest slice of ETHA’s overall capital base.
The combination of sustained price weakness and negative near-term technicals suggests investors are reassessing their exposure to Ethereum-linked products after a period of heightened volatility. Yet, given ETHA’s still sizeable AUM, the move looks more like tactical risk management than a wholesale abandonment of the theme, as the market waits for clearer signals on macro conditions, regulatory developments, and Ethereum’s on-chain growth.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

