Buyers pulled round $1.82 billion from US-based spot Bitcoin and Ether exchange-traded funds (ETFs) over the previous 5 buying and selling days, as market sentiment continued to weaken after the valuable metals rally.
Between Monday and Friday, US-based spot Bitcoin (BTC) ETFs misplaced $1.49 billion, whereas spot Ether (ETH) ETFs noticed $327.10 million in web outflows, in keeping with Farside. The outflows come because the spot value of each cryptocurrencies continued to say no, regardless of current indicators of a restoration. Over the previous seven days, Bitcoin and Ether have fallen 6.55% and eight.99% respectively, buying and selling at $83,400 and $2,685, in keeping with CoinMarketCap.
Bitcoin rose 7% over the 2 days resulting in Jan. 15 amid hypothesis in regards to the US CLARITY Act, however the rally was short-lived.
Throughout that interval, Bitcoin ETF noticed their highest influx day for 2026 got here on Jan. 14, with $840.6 million, simply earlier than The Crypto Worry & Greed Index, which measures general crypto market sentiment, surged to its highest rating of the 12 months with a “Greed” rating of 61.
Bitcoin negativity is “very short-sighted,” says ETF analyst
Crypto market contributors usually observe spot crypto ETF flows to gauge retail investor sentiment and get clues on the asset’s near-term value path.
ETF analyst Eric Balchunas referred to as the negativity round Bitcoin’s current value motion versus gold and silver “very short-sighted.”
“Bitcoin spanked all the things so dangerous in ’23 and ’24,” Balchunas mentioned in an X submit on Saturday, emphasizing that folks have appeared to have forgotten about that.
“These different property nonetheless have not caught up even after having their best 12 months ever and BTC being in a coma,” Balchunas mentioned. Balchunas mentioned that the “institutionalization narrative” received priced in for Bitcoin shortly and “forward of it really occurring.”
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“So it needed to take a breather so the precise narrative may catch as much as the worth,” Balchunas mentioned.
Gold and silver reached all-time highs of $5,608 and $121, respectively, this week. Nevertheless, on Friday alone, gold fell 8% to $4,887 and silver dropped round 27% to $84.
Bitwise chief funding officer Matt Hougan mentioned in an X submit on Jan. 15 that “Bitcoin’s value will go parabolic if ETF demand persists long-term.”
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