Ether (exchange-traded funds) ETFs saw more than double the inflows of bitcoin ETFs, with a significant net inflow of $420 million.
ETF Weekly Recap: Ether ETFs' $420 Million Inflow Outshines Bitcoin ETFs' $204 Million Inflow
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Ether ETFs Grab The Spotlight in Trading Week Review
In the week spanning Feb. 3 to Feb. 7, ether ETFs experienced a substantial net inflow of $420.06 million. While bitcoin ETFs also recorded a positive net inflow of $203.54 million, the spotlight for the week belonged to the ether ETFs, according to data from Sosovalue.
Leading the strong weekly inflow for ether ETFs was Blackrock’s ETHA with $286.81 million in inflows, closing the week with net assets of $3.56 billion. Fidelity’s FETH added $97.28 million to its fund, increasing its net assets to $1.19 billion.
Grayscale’s ETH and ETHE brought in $17.96 million and $8.69 million for the week. In addition, 21Shares’ CETH brought in $5.19 million and Bitwise’s ETHW brought in $4.14 million to close out a strong inflow week for ether ETFs.
On the bitcoin front, Blackrock’s IBIT brought in $315.26 million, along with $64.41 million by Ark 21Shares’ ARKB, $21.05 million by Bitwise’s BITB, and $13.13 million by Vaneck’s HODL. The significant weekly outflow was on Fidelity’s FBTC with $217.78 million departing the fund.
At the end of the trading week, total net assets for bitcoin ETFs stood at $113.09 billion while net assets for ether ETFs remained close to $10 billion at $9.88 billion. Despite the outflows, the net inflows on both ether and bitcoin ETFs indicate the return of investors’ confidence in digital assets investment products.
