Crypto Market Update: Investors Exit Crypto Funds at Fastest Pace Since November
Here’s a quick recap of the crypto landscape for Monday (January 26) as of 6:00 p.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ether price update
Bitcoin (BTC) was priced at US$87,596.95, trading flat over 24 hours.
Bitcoin price performance, January 26, 2025.
Chart via TradingView
Ether (ETH) was priced at US$2,906.5, up by 1.6 percent over the last 24 hours.
Altcoin price update
- XRP (XRP) was priced at US$1.91, up by 3.5 percent over 24 hours.
- Solana (SOL) was trading at US$124.09, up by 2 percent over 24 hours.
Today’s crypto news to know
Crypto funds see sharpest weekly pullback in months
Digital asset investment products just logged their biggest weekly outflows since November, with investors pulling roughly $1.73 billion from crypto-linked funds, according to CoinShares.
Bitcoin products absorbed the bulk of the selling, shedding about US$1.09 billion, while Ethereum funds lost another US$630 million as risk appetite thinned across the board.
The retreat comes as expectations for near-term interest rate cuts fade and crypto prices struggle to regain momentum. CoinShares said the market has yet to benefit from the “debasement trade” some investors expected amid global fiscal pressures.
Regionally, the selling was overwhelmingly concentrated in the US, while parts of Europe and Canada quietly added exposure on dips.
Bitcoin hovered near US$87,600 at last check, down more than 5 percent on the week, while Ethereum slid close to 10 percent.
The broader market strain also showed up quickly in derivatives, with crypto liquidations climbing toward US$750 million as prices fell over the weekend.
Strategy slows down Bitcoin buying spree
Despite the market slide, Strategy (NASDAQ:MSTR) continued adding to its Bitcoin stash, spending about US$267 million last week to acquire roughly 2,900 BTC.
The purchase marked a clear slowdown from its prior buying spree, when the company spent more than US$3 billion across two weeks. Strategy now holds more than 712,000 BTC, making it the largest corporate holder of the asset by a wide margin.
The latest buy was funded mainly through common stock issuance, alongside additional sales of its STRC preferred shares, which carry an 11 percent annualized cash dividend.
Executive Chairman Michael Saylor has pitched STRC as a yield-focused alternative to cash, with proceeds ultimately flowing back into Bitcoin.
GameStop’s Bitcoin transfer raises exit questions
Speculation swirled after GameStop (NYSE:GME) transferred its entire Bitcoin holding—about 4,710 BTC—to Coinbase Prime, a platform often used for institutional trading and custody.
The transfer, flagged by CryptoQuant, sparked talk that the retailer may be preparing to unwind its Bitcoin treasury experiment. Based on current prices, a full sale could lock in an estimated US$75 million to US$85 million loss, given that GameStop reportedly accumulated the coins near market highs earlier this year.
Currently, the company has not confirmed any sale nor addressed the speculations.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
