Crypto exchange-traded funds posted mixed flows on January 22, 2026: major Bitcoin and Ether products experienced net outflows, while XRP and Solana attracted modest inflows. The session showed smaller, more concentrated moves compared with the heavier withdrawals seen in prior days, with selling focused on a few large funds.
Overview of Crypto ETF Performance on January 22, 2026
Bitcoin ETFs recorded a net outflow of $32.11 million, driven entirely by redemptions from the two largest products, and overall ETF trading activity eased compared with recent heavy sessions. Ether ETFs fared worse on the day with a $41.98 million net outflow, while XRP and Solana each drew small, targeted inflows that helped them close modestly higher.
Bitcoin ETF Outflows
Bitcoin ETFs posted a $32.11 million net outflow on January 22, 2026, with Blackrock’s IBIT leading withdrawals at $22.35 million and Fidelity’s FBTC accounting for $9.76 million of the exits. No other Bitcoin funds reported meaningful flows, which points to a concentrated move rather than a blanket sell-off across products; trading activity for Bitcoin ETFs settled at $3.35 billion and total net assets slipped to $115.99 billion. For context on recent withdrawal episodes, see the report on previous Bitcoin outflows, which tracks earlier large sessions.
Ether ETF Performance
Ether ETFs recorded a $41.98 million net outflow, with the largest redemptions registered in Blackrock’s ETHA at $44.44 million and Bitwise’s ETHW at $15.16 million. Those outflows were partly offset by inflows into Grayscale products—$9.71 million into ETHE and $7.92 million into the Ether Mini Trust—yet the session’s balance remained negative overall. Total value traded in Ether ETFs was $1.30 billion, and aggregate net assets edged down to $17.73 billion.
XRP and Solana ETF Inflows
XRP ETFs posted a $2.09 million inflow on the session, with all demand concentrated in Franklin’s XRPZ; trading volume for XRP ETFs stood at $15.24 million while net assets held at $1.37 billion. Solana ETFs also closed modestly higher, seeing a $1.71 million inflow entirely into Bitwise’s BSOL, with volumes around $26.45 million and net assets finishing the day at $1.09 billion.
Market Sentiment and Trends
The session reflected a cooling of the sharp sell-off seen earlier: outflows persisted for Bitcoin and Ether but at a slower, more targeted pace, while XRP and Solana drew small pockets of demand. This pattern suggests selective repositioning by investors rather than a broad-based rebound across crypto ETFs, a theme covered in wider coverage of ETF flows and shifts in positioning ETF inflows and outflows.
Why this matters
For a miner operating in Russia with anywhere from a single rig to several hundred, these ETF flows are a shorthand for institutional appetite and market liquidity, which can affect short-term price swings and trading depth. When large funds show concentrated withdrawals—like IBIT and ETHA—it can tighten liquidity around those assets and amplify intraday volatility, even if broader selling has cooled.
At the same time, small inflows into niche products such as XRPZ and BSOL indicate selective demand that may support liquidity in those tokens specifically, though these flows are modest compared with overall market size. Keeping an eye on ETF flow patterns helps you gauge whether selling pressure is widespread or confined to particular institutional vehicles.
What to do?
If you run mining hardware, prioritize operational resilience and avoid reactive large-scale changes based solely on a single session of ETF flows. Practical steps below focus on preserving uptime and managing short-term risks that could arise from episodic selling or thin liquidity.
- Check cash flow and break-even: review electricity and maintenance costs versus current revenue to confirm short-term viability before pausing equipment.
- Stagger operations if needed: consider temporary, measured reductions in noncritical machines rather than abrupt shutdowns to retain flexibility.
- Monitor liquidity and spreads: watch trading volumes and ETF flows as indicators of potential price volatility that could affect coin conversion or sales timing.
- Keep up with the news: follow fund-level changes in major products like IBIT and ETHA to understand where institutional demand is shifting; for miner-focused analysis see what matters to miners.
Bottom line
January 22’s session showed measured outflows from the largest Bitcoin and Ether ETFs while XRP and Solana drew limited inflows into single funds. For miners, the immediate takeaway is to focus on operational stability and monitor ETF flows as one of several indicators of short-term market pressure, without overreacting to a single trading day.
