According to @lookonchain, Bitcoin ETFs posted a 1-day net outflow of 1,185 BTC (88.96M USD) and a 7-day net outflow of 11,202 BTC (841.3M USD). According to @lookonchain, Ethereum ETFs recorded a 1-day net inflow of 17,340 ETH (38.15M USD) but a 7-day net outflow of 129,292 ETH (284.44M USD), while Solana ETFs showed a 1-day net inflow of 13,901 SOL (1.32M USD) and a negative 7-day net flow. Based on @lookonchain’s ETF flow data, traders may view the mixed daily inflows versus broad weekly outflows as short-term rotation into ETH and SOL amid continued weekly net selling pressure, informing liquidity and momentum assessments.

According to Eric Balchunas, private credit ETF PRIV recorded a large inflow that organically lifted its assets under management by roughly 300 percent to about half a billion after previously muted interest; source: Eric Balchunas. Balchunas adds that the move was likely driven by a model allocation or BYOA and characterizes it as a big institutional sized flow; source: Eric Balchunas.

According to @CryptoMichNL, the ISM Manufacturing PMI is turning back above 50 for the first time in years, signaling a late-cycle phase that he views as unfavorable for Bitcoin’s cycle. According to @CryptoMichNL, Bitcoin’s recent rally was primarily driven by spot ETF launch and liquidity rather than organic demand. According to @CryptoMichNL, the last cycle featured Federal Reserve quantitative tightening with aggressive rate hikes, while the current regime is characterized by quantitative easing and declining rates, a shift he believes supports a final crypto bull phase. According to @CryptoMichNL, recent peaks in gold and silver mark the end of the prior macro period and a transition that could benefit Bitcoin and broader crypto. According to @CryptoMichNL, traders should watch PMI momentum, ETF flow dynamics, and policy direction to gauge the durability of the next BTC and crypto advance.

According to glassnode, off-chain signals are weakening as spot indicators have slipped to low conviction and futures and options conditions are declining, indicating fading participation and a more defensive risk stance. According to glassnode, ETF indicators are rising but remain low, signaling only tentative institutional support despite broader softening.

According to Lookonchain, Bitcoin ETFs posted a 1-day net outflow of 8,080 BTC and a 7-day net outflow of 17,808 BTC (source: Lookonchain). Ethereum ETFs showed a 1-day net outflow of 108,075 ETH and a 7-day net outflow of 121,788 ETH (source: Lookonchain). Solana ETFs registered a small 1-day net outflow but a weekly net inflow of 76,944 SOL, indicating positive weekly demand relative to BTC and ETH (source: Lookonchain). For traders, ETF net outflows typically correlate with softer spot demand while multi-day inflows can signal relative strength, suggesting near-term relative resilience in SOL versus BTC and ETH based on the reported flow mix (source: Lookonchain).

According to Eric Balchunas, Emerging Markets ETFs set a new monthly flow record roughly three times higher than the prior peak, highlighting outsized demand for EM exposure among ETF investors, source: Eric Balchunas. According to Eric Balchunas, these funds represent about 3% of ETF assets under management but captured roughly 13% of the net cash for the month, source: Eric Balchunas. According to Eric Balchunas, approximately 40% of the inflows went to IEMG, with dozens of other EM ETFs also attracting capital, source: Eric Balchunas. According to Eric Balchunas, the flows were additive and not at the expense of US equities or bonds, indicating incremental allocations into EM vehicles rather than rotation out of other segments, source: Eric Balchunas.

According to Eric Balchunas, Vanguard has narrowed the US ETF asset share gap with BlackRock from 47% to 6% over five years and is likely to overtake as the US ETF asset leader within the next year or two (source: Eric Balchunas on X). According to Eric Balchunas, BlackRock remains the revenue leader in ETFs while Vanguard ranks fourth by revenue, indicating BlackRock’s stronger monetization despite the asset share shift (source: Eric Balchunas on X). According to Eric Balchunas, the evolving leaderboard underscores persistent demand for low-cost passive ETFs, signaling continued asset growth for Vanguard while BlackRock’s diversified fee mix can keep revenue leadership intact near term (source: Eric Balchunas on X).

According to Ki Young Ju, Bitcoin is in a profit-taking phase as selling pressure persists and realized cap has flatlined, signaling no fresh capital and invalidating a bull market while market cap declines (source: Ki Young Ju on X). He adds that early holders have been taking profits after gains driven by spot ETFs and MicroStrategy MSTR accumulation, but those inflows have now dried up (source: Ki Young Ju on X). He notes MSTR was a key driver of the rally and, unless Michael Saylor conducts significant sales, a crash on the scale of prior cycles is unlikely, yet the bottom remains unclear and a wide-ranging sideways bear market is the base case (source: Ki Young Ju on X). He cites the PnL Index, which measures profit and loss versus wallets’ cost basis, and argues only macro liquidity can override the profit-taking cycle, as previously seen (source: Ki Young Ju on X).

According to @FarsideUK, US spot Bitcoin ETFs recorded a total net outflow of $817.8 million on 2026-01-29, reflecting redemptions exceeding creations across the cohort, source: Farside Investors. @FarsideUK reports the largest outflows from IBIT at $317.8 million, FBTC at $168 million, GBTC at $119.4 million, BITB at $88.9 million, and ARKB at $71.6 million, source: Farside Investors. @FarsideUK adds BTCO saw $8.4 million out, HODL $6.5 million out, BTC $37.2 million out, while EZBC, BRRR, and BTCW were flat at zero, source: Farside Investors. Full tables and disclaimers are available at farside.co.uk/btc, source: Farside Investors.

According to @EricBalchunas, seven of the top 11 most traded ETFs were commodities focused on gold, silver, and bitcoin. According to @EricBalchunas, SPDR Gold Shares GLD posted its highest ever trading volume, about 50 percent above its previous record. According to @EricBalchunas, iShares Bitcoin Trust IBIT and iShares Silver Trust SLV each recorded a top five all time volume day.

According to @KobeissiLetter, trading volume in the largest silver-backed ETF, SLV, hit a record $40 billion, roughly 15 times its average daily volume, tripling the prior peak from 2011 and ranking as the highest turnover among all assets that day (source: @KobeissiLetter). Based on this @KobeissiLetter-reported surge, traders should note that such volume shocks often coincide with heightened intraday volatility and liquidity concentration in silver-linked instruments, making execution quality and risk controls critical around SLV and related exposures (underlying volume data source: @KobeissiLetter).

According to Eric Balchunas, RONB has taken in $32 million in new assets since adding a large SpaceX position on Friday, marking a 33% organic asset increase in two days (source: Eric Balchunas). According to Eric Balchunas, SpaceX’s portfolio weight in RONB diluted as expected, moving from 22% to 19% (source: Eric Balchunas). Based on the reported asset growth and weight change, traders can infer improved ETF liquidity and slightly lower single-name concentration risk for SpaceX exposure within RONB (source: Eric Balchunas).

According to @EricBalchunas, SLV traded about 40 billion in shares in the last session, surpassing its entire Q1 last year total of about 35 billion and signaling exceptional activity and liquidity (source: @EricBalchunas on X). According to @EricBalchunas, SLV options volume was described as in the stratosphere, indicating unusually heavy derivatives interest around the silver ETF (source: @EricBalchunas on X). According to @EricBalchunas, pre-market turnover reached about 1.5 billion and was roughly three times that of any other ETF, highlighting elevated participation into the open (source: @EricBalchunas on X).

According to @FarsideUK, US Ethereum ETFs recorded total net inflows of 117 million dollars on 2026-01-26. According to @FarsideUK, FETH posted 137.2 million in net inflows while ETHA saw a 20.2 million net outflow, with ETHW, TETH, ETHV, QETH, EZET, ETHE and ETH unchanged at zero. According to @FarsideUK, full data and disclaimers are available at farside.co.uk/eth.

According to @Andre_Dragosch, SLV recorded about 32 billion in trading volume, roughly 15 times its average, surpassing SPY at 24 billion and NVDA and TSLA at 16 billion each, making it the highest volume security cited in the post; source: @Andre_Dragosch on X citing @EricBalchunas. For traders, the outsized turnover highlights exceptional liquidity concentration in SLV relative to major equity and ETF benchmarks, underscoring near term focus on silver exposure; source: @Andre_Dragosch on X citing @EricBalchunas.

According to @EricBalchunas, SLV traded about $32B in volume, roughly 15x its average and the highest of any security globally for the session. Source: @EricBalchunas. According to @EricBalchunas, for context SPY saw about $24B while NVDA and TSLA each did about $16B, highlighting SLV’s outsized turnover relative to mega-cap equity and ETF peers. Source: @EricBalchunas. According to @EricBalchunas, this kind of dominance by a relatively small product is rare and comparable to the GameStop episode in terms of taking over the tape. Source: @EricBalchunas.

According to @EricBalchunas, ETF flows are approximately $121 billion month to date in January, far above an average January near $40 billion and already exceeding the prior January record of $88 billion set last year, with roughly a week remaining (source: Eric Balchunas on X). According to @EricBalchunas, Vanguard VOO has taken in about $19 billion this month, and VOO’s average daily inflow now matches what the entire ETF industry averaged daily a decade ago (source: Eric Balchunas on X). According to @EricBalchunas, these figures underscore exceptionally elevated fund flows into broad, low cost index exposure via large ETFs (source: Eric Balchunas on X).

According to @glassnode, off-chain signals are weakening as spot and futures indicators decline, indicating softer participation and rising sell-side pressure (source: @glassnode). @glassnode also notes increasing options hedging demand and low-conviction ETF indicators, reflecting cooling institutional support (source: @glassnode).

According to @EricBalchunas, SLV has delivered unusually strong recent returns but attracted only about 1 billion dollars of net inflows over the last six months (source: @EricBalchunas). He notes that IBIT, a spot Bitcoin ETF, is down roughly 24% yet has amassed over 6 billion dollars of inflows, which he views as a constructive long-term signal for Bitcoin (BTC) demand (source: @EricBalchunas). He characterizes this divergence as evidence of stickier Bitcoin ETF allocations during drawdowns compared with weaker flow follow-through in SLV despite strong performance (source: @EricBalchunas).

According to Farside Investors, US Ethereum ETFs registered total net outflows of 42 million dollars on 2026-01-22, led by ETHA at negative 44.4 million and ETHW at negative 15.2 million, offset by inflows into ETHE at 7.9 million and ETH at 9.7 million. According to Farside Investors, FETH, TETH, ETHV, QETH, and EZET recorded zero flows on the day, indicating redemptions exceeded creations across US spot ETH funds in aggregate.