Bitwise’s Ethereum ETF (ETHW) recorded an outflow of $11.23 million on January 8, 2026, causing total assets under management to drop to $387.6 million.
While this figure represents about 2.9% of the entire fund, it is seen more as a precautionary measure than a massive loss of confidence in Ethereum.
At 10 am this morning, Ethereum was trading at $3,324.54, up 0.03% since it opened in early trading on Thursday in the Asian session.
Interestingly, this outflow of funds occurred when Ethereum was trading around $3,326.80 and showing a very short-term ‘buy’ technical signal.
This is despite the fact that the second-largest cryptocurrency is still down almost 19% in the past three months.
The divergence reflects mixed market conditions, with some investors choosing to lock in profits or reduce risk, while other traders are starting to re-enter the market.
With nearly $388 million still in the ETF, interest in Ethereum has clearly not waned.
If the positive momentum continues, the recent fund withdrawals may be just a temporary measure and could potentially open up space for new inflows at more attractive price levels.
