On January 9, on-chain data revealed a significant shift in capital flows across crypto ETFs. According to monitoring platform Lookonchain, Bitcoin ETFs recorded a net outflow of 3,826 BTC, ending a recent streak of inflows and marking a 7-day net outflow of 183 BTC. This reversal signals growing caution among institutional and retail investors.
Ethereum ETFs Face Sharp Pullback
Ethereum ETFs saw even larger outflows, with a single-day net withdrawal of 58,467 ETH. This stands in stark contrast to the previous 7-day net inflow of 342,134 ETH, suggesting profit-taking or risk reassessment ahead of key price levels.
Solana Emerges as Capital Magnet
- Solana ETFs gained 67,125 SOL in net inflows, maintaining strong momentum
- Weekly inflow matches Ethereum’s 7-day total, indicating shifting market focus
- Analysts point to Solana’s expanding ecosystem and low transaction costs as key drivers
The broader trend shows capital rotating from established assets toward high-potential alternatives. While BTC and ETH face short-term pressure, the market dynamics suggest the beginning of a new cycle of asset rotation.