Bitcoin Slips Below $80,000 As ETF Outflows Hit $1.6B In January

Bitcoin dropped below the $80,000 level after U.S. spot Bitcoin ETFs recorded net outflows of nearly $1.6 billion in January, marking the third-worst month on record for the products. 

Almost $1.49 billion exited during the final week alone, including a single-day outflow of $818 million, reflecting sustained institutional risk-off sentiment. 

Spot Ether ETFs also posted monthly outflows of around $353 million, adding pressure across major crypto assets. 

However, SOL and XRP-linked ETF products recorded modest inflows, suggesting selective positioning rather than a complete exit from digital assets. 

Market participants say ETF flows are increasingly driving short-term price action, especially during periods of macro uncertainty, tighter liquidity conditions and shifting expectations around U.S. interest rates.

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