On 6th February, Bitcoin ETFs recorded a net outflow of $140.30 million, with the majority of the losses coming from Fidelity’s FBTC. FBTC saw a significant withdrawal of $103.25 million, bringing its total net assets down to $20.35 billion.
Additionally, Grayscale’s GBTC continued its trend of outflows, losing $42.21 million, reducing its total net assets to $19.46 billion. However, a small inflow of $5.15 million was recorded in Grayscale’s BTC fund, bringing its net assets to $4.06 billion.
Ether ETFs Secure Sixth Consecutive Day of Inflows
While Bitcoin ETFs struggled, Ether spot ETFs continued their positive momentum, marking their sixth consecutive day of inflows. On 6th February, BlackRock’s ETHA was the sole contributor, bringing in $10.65 million, increasing its total net assets to $3.67 billion.
This steady inflow into Ether ETFs highlights a growing institutional and retail interest in Ether exposure.
Ether vs Bitcoin: A Shifting Trend?
As of 6th February, Bitcoin ETFs have accumulated a net inflow of $40.53 billion, with total net assets standing at $113.51 billion. In contrast, Ether spot ETFs have recorded a cumulative net inflow of $3.18 billion, with total net assets of $10.29 billion.
While Bitcoin ETFs still dominate in total assets, the consistent demand for Ether ETFs suggests an increasing preference among investors seeking diversified crypto exposure.
Institutional Confidence in Ether Grows
The continued inflows into Ether ETFs signal a rising institutional interest in the asset, potentially driven by growing confidence in Ethereum’s long-term potential. With developments such as Ethereum’s upcoming Dencun upgrade and its role in DeFi and smart contracts, investors may see ETH as a strong contender in the evolving digital asset space.
As market dynamics shift, the coming weeks will reveal whether Ether ETFs can maintain this momentum and whether Bitcoin ETFs can recover from recent outflows.
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