Bitcoin ETFs saw a net inflow of $171 million to close out the week positively while ether ETFs experienced no net inflows or outflows, ending a six-day streak of positive inflows.
Bitcoin ETFs Attract $171 Million Inflow, Ether ETFs Pause After Six-Day Streak
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Bitcoin ETFs Close the Week With $171 Million Inflow
Bitcoin ETFs experienced a net inflow of $171 million on Friday, Feb. 7, to close the week on a high after a mixed trading week. In contrast, ether ETFs saw no net inflows or outflows, halting their six-day consecutive inflow streak.
Ark and 21Shares’ ARKB led the bitcoin ETF inflows, bringing in $59.04 million, increasing its total net assets to $4.99 billion. Fidelity’s FBTC followed with a $52.47 million inflow, bringing its net assets to $20.32 billion.
Other contributors to the inflow included Blackrock’s IBIT with $21.87 million, Vaneck’s HODL with $21.76 million, Bitwise’s BITB with $10.47 million, and Franklin’s EZBC with $5.57 million.
This ended a mixed trading week for bitcoin ETFs with three days of inflows and two days of outflows.
Despite the pause in inflows, ether ETFs have demonstrated strong performance over the past week. Blackrock’s ETHA maintains net assets of $3.56 billion, while Grayscale’s ETHE and Fidelity’s FETH hold $3.43 billion and $1.19 billion, respectively.
The stabilization in ether ETF flows may indicate a period of consolidation following a sustained period of growth.
As of Feb. 7, cumulative net inflows for bitcoin ETFs total $40.7 billion, while ether ETFs have accumulated $3.18 billion in net inflows during the same period.
