Over the last five days, investors have pulled $1.82bn from US spot Bitcoin and Ether ETFs as the market continues to deteriorate after the rally in precious metals.
From Monday to Friday, US-based Bitcoin spot (BTCEther Spot () lost 1.49 billions of dollars.ETH– ETFs experienced a net outflow of $327.10 millions. according Farside. These outflows are occurring as spot prices of both cryptocurrency continue to fall, despite signs of recovery. Bitcoin and Ether, which trade at $83,400 each and $2,685, respectively, have dropped 6.55% a 8.99% over the past week. according CoinMarketCap.
Bitcoin rose by 7% in the days before Jan. 15, amid speculation over the US CLARITY Act. However, the rally was brief.
During that period, Bitcoin ETF saw their highest inflow day for 2026 came on Jan. 14, with $840.6 million, just before The Crypto Fear & Greed IndexThis year, the score on, which is a measure of overall crypto-market sentiment, reached its highest point in the entire year. “Greed” Score of 61.
Bitcoin is a negative currency. “very short-sighted,” ETF analyst
Market participants track crypto ETF spot flows in order to get a sense of retail investor sentiment, and also for clues about the near-term direction of an asset.
ETF analyst Eric Balchunas referred to the negative price movement of Bitcoin compared with gold and silver. “very short-sighted.”
“Bitcoin spanked everything so bad in ’23 and ’24,” Balchunas said On Saturday I posted an X on Facebook, highlighting that many people seemed to forget about this.
“Those other assets still haven’t caught up even after having their greatest year ever and BTC being in a coma,” Balchunas said. Balchunas stated. “institutionalization narrative” Bitcoins quickly priced “ahead of it actually happening.”
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“So it had to take a breather so the actual narrative could catch up to the price,” Balchunas said.
This week, gold and silver both reached record highs at $5,608 each and $121 respectively. Gold fell 8% on Friday to $4,887, and silver fell 11% to $121 dropped Around 27% to $84.
Matt Hougan, chief investment officer at Bitwise said In an X-post on January 15, that “Bitcoin’s price will go parabolic if ETF demand persists long-term.”
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Source: cointelegraph.com
