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Bitcoin and Ethereum spot ETFs have reversed course dramatically. After strong inflows through early January, these products are now facing heavy outflows—essentially erasing most of the month's gains and marking the most challenging stretch for ETF capital flows to date.
Meanwhile, Bitcoin remains resilient around the $90K zone. What's interesting is the divergence in the market: Solana and XRP ETFs are quietly accumulating fresh capital, while large holders are actively withdrawing coins from exchanges. The narrative seems to be shifting as smart money diversifies away from just the mega-cap pair.