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The crypto market funding landscape on January 22 showed a clear divergence. Bitcoin spot ETFs experienced a net outflow overall, with a single-day outflow of $32,108,100. Among them, the IBIT under BlackRock performed the best, contributing a net outflow of $22,352,900, becoming the main driver of the outflows. In contrast, Ethereum spot ETFs performed worse, with a total net outflow of $41,977,200, indicating a significant increase in market risk-averse sentiment towards mainstream coins. Only the Solana spot ETF defied the trend, recording a net inflow of $1.71 million, showing that some institutions still maintain investment enthusiasm for the new blockchain ecosystem. Overall, this wave of capital adjustment may reflect the market's cautious attitude towards recent market conditions.