Crypto ETFs see $1.82 billion in weekly outflows amid market sell-off

The crypto market has continued to bleed as investors panic over the uncertainty around future prices of digital assets. Bitcoin and Ethereum ETFs collectively saw outflows of $1.82 billion, while precious metals hit new all-time highs before crashing.

Investors collectively drew $1.82 billion from spot Bitcoin and Ethereum exchange-traded funds last week. Bitcoin ETFs saw cumulative outflows worth $1.495 billion in the week ending January 30. According to data from SosoValue, the Bitcoin ETFs suffered the most outflows on Thursday, totaling $817.87 million, while Friday followed in second place with $509 million. 

BlackRock investors draw $528 million from iBIT ETF in a single day

On Friday, BlackRock’s iBIT was the only fund to record outflows, totaling $528.30 million. Data from Sosovalue also shows that the funds have lost more than $3.3 billion over the last two weeks. In those two weeks, only January 26 recorded net inflows of just $6.84 million.

Ethereum ETFs recorded $368.66 million in negative flows in the week ending January 30, with the most outflows being $252.87 million recorded on Friday. Thursday saw the second-largest withdrawals of the week, totaling $155.61 million. In the last two weeks, beginning January 20, Ether ETFs only received net positive flows for two days, with the rest marking double and triple-digit outflows.

Senior Bloomberg ETF Analyst Eric Balchunas wrote on X that, despite the recent sell-off, Bitcoin is still up 429% since 2022, before BlackRock filed its spot Bitcoin ETF. On the same timeline, Gold is up only 177% while Silver has managed 350%.

Balchunas continued, saying that Bitcoin performed exceptionally well in 2023 and 2024 and that other asset classes have not been able to match its returns despite their best year ever. Balchunas added that the recent BTC sell-off is a result of Bitcoin’s institutionalization. He added that Bitcoin’s price moved quickly, so the digital asset had to take a breather to allow “the actual narrative” to catch up with “the price.”

Data from CoinMarketCap shows that Bitcoin is down 8% over the last seven days and is currently trading at $82,833, a price last seen in November 2025. The crypto asset is down about 5% YTD and 34.34% from its all-time high of $126,198.07 registered on October 6, 2025. Ethereum is down 3.77% over the last 24 hours, bringing its seven-day decline to 10.98%. The crypto asset is currently trading at $2,632 and has declined by more than 10% YTD.

Precious metals hit an all-time high before crashing by double digits

As the crypto market continues to decline, investors have found comfort in precious metals. Gold and silver hit new all-time highs last week. Silver peaked at $120 while gold hovered around $5,600. However, the party was short-lived, as precious metals were not immune to market volatility.

Just after visiting ATHs, Gold futures fell as much as 13% intraday on Friday, sliding below $4,900 per troy ounce and erasing a substantial portion of their year-to-date gains in a single session. On the other hand, Silver crashed by nearly 40% on Friday, wiping out nearly all the gains it had been making since the year began. 

Silver’s market crash has raised concerns about market manipulation, according to a recent report by Cryptopolitan. The report noted that Silver was trading at two different prices in the U.S. and Shanghai. The precious metal was trading at around $92 in the U.S. (COMEX), while physical Silver in Shanghai, China, costs $130, a 40% premium in the Asian country at the time of reporting.

However, Ole S Hansen, Saxo Bank’s head of commodity strategy, wrote on X that Silver can rise but only for so long without finally depleting demand and causing a rush of supply from scrap sellers. He then said that Gold will remain the ultimate safe haven.

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