Bitcoin ETF Outflows Hit Nearly $1 Billion

Key Insights

• Bitcoin ETF outflows hit $817.9 million as the crypto market cap fell 6%.
• SoSoValue data showed Bitcoin and Ethereum funds lost nearly $1 billion.
• CryptoQuant linked the drop to leverage, with Hyperliquid longs wiped out.

Bitcoin ETF outflows hit U.S. markets on Thursday amid a broad crypto sell-off. SoSoValue data showed $817.9 million outflow from spot Bitcoin exchange-traded funds. Bitcoin and Ether funds recorded almost $1 billion in outflows overall.

The total crypto market capitalization fell about 6% on the day. CoinGecko data showed a market cap of $2.92 trillion at the time of writing. The market lost almost $200 billion after peaking above $3 trillion earlier.

Bitcoin traded near $82,750 while Ether traded near $2,736. The same SoSoValue figures showed spot Ethereum ETF (exchange-traded funds) lost $155.6 million. XRP funds shed $92.9 million during the same session.

Bitcoin ETF Outflows Set a Post-Nov. 2025 Record

SoSoValue said Thursday marked the largest daily outflow since Nov. 2025. The figure exceeded last Wednesday’s $708.7 million outflow. It also placed Thursday among the largest outflow days this year.

Bitcoin ETF outflows also extended a weak weekly pattern. SoSoValue recorded $147.4 million leaving on Tuesday. It recorded $19.6 million leaving on Wednesday. Cumulative weekly outflows reached $978 million by Thursday. That total pushed January flows into negative territory. SoSoValue also showed roughly $1 billion left last week.

SoSoValue data put the month-to-date net outflows near $1.1 billion. The data framed January as a reversal from earlier inflow streaks. The figures also suggested fast risk-off behavior among fund holders.

Bitcoin ETF AUM Stayed Large Despite Heavy Redemptions

Bitcoin exchange-traded funds still held large balances after the sell-off. SoSoValue put assets under management at $107.65 billion. The figure equaled about 6.5% of Bitcoin’s roughly $1.65 trillion market value.

Ethereum ETF held smaller but still material balances. SoSoValue reported that the Ether ETF assets under management totaled $16.75 billion. The figure equaled about 5% of Ether’s roughly $330 billion market value.

CoinShares also tracked the wider exchange-traded products market. It stated that the total assets under management for crypto exchange-traded products stood at $178 billion. That equaled about 5.7% of total crypto market capitalization.

These ratios mattered because they framed the sell-off’s footprint. Large assets under management reduced the chance of a niche event. They also raised questions about how quickly the flows could reverse again.

Macro Risk Pressured Crypto Alongside Gold and Stocks

Traders linked the crypto drop to broader market stress. TradingView data showed gold dropped about 4% after clearing $5,300. The timing aligned with the crypto drawdown, according to the same data.

Industry observers tied the risky move to tariff threats. They linked the pressure to U.S. President Donald Trump’s new tariff rhetoric. They also cited concern around artificial intelligence-related technology stocks.

Microsoft shares fell 10% during the broader move, observers said. The equity drop added pressure across risk assets. Crypto traded like a high beta asset during the session.

This alignment mattered because crypto did not sell off alone. It moved with other risk proxies and commodities. The correlation raised questions about macro sensitivity in leveraged markets.

CryptoQuant said leverage amplified the downside. The blockchain analytics firm cited high leverage exposure across the market. CryptoQuant said leverage created fragile conditions for long positions.

CryptoQuant analyst Darkfost highlighted Hyperliquid activity during the sell-off. He pointed to a large long exposure on the decentralized derivatives exchange. CryptoQuant said $87.1 million in long positions got wiped out within hours.

Forced liquidations added speed to the price drop. They also raised volatility across major tokens and altcoins. The liquidation figure matched the broader outflow narrative from SoSoValue.

Near-Term Signals Focused on Flows and Liquidation Risk

Bitcoin ETF outflows remained the clearest near-term signal for sentiment. SoSoValue data showed January flows turned negative after repeated redemptions. The flow reversal also placed attention on whether daily outflows persisted.

Altcoin funds also faced pressure across the week. SoSoValue data showed Ethereum ETF lost $155.6 million on Thursday. XRP funds lost $92.9 million, extending the risk-off tone.

Solana exchange-traded funds showed smaller movement. SoSoValue recorded $2.2 million in outflows after earlier inflows near $10 million. The muted Solana outflow suggested uneven positioning across products.

Traders watched leverage risk as the next catalyst. CryptoQuant’s Hyperliquid data showed how fast liquidation cascades formed. The market likely stayed sensitive to macro headlines and derivatives positioning.