Ether and bitcoin ETFs enjoyed significant inflows on Tuesday, Feb. 4, as market momentum continues to pick up after a volatile start to the week.
Ether ETFs Secure Four Days of Consecutive Gains With Inflow of $308 Million As Bitcoin ETFs Rebound With $341 Million Inflow
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Investors Pile on Ether ETFs As Total Net Assets Cross $10 Billion
Ether exchange-traded funds (ETFs) crossed $10 billion in total net assets after attracting $308 million in inflows on Tuesday, February 4. According to data from Sosovalue, this continued a four-day positive streak for ether ETFs.
Blackrock’s ETHA led the way in inflows, pulling in $276.16 million, raising its cumulative net inflow to $4.41 billion. Fidelity’s FETH followed, attracting $27.47 million and bringing its net assets to $1.4 billion.
Bitwise’s ETHW contributed an additional $4.14 million, totaling $347.54 million in net assets. No outflows were recorded as the other ether ETFs remained neutral.
On the bitcoin side of the trading action, bitcoin ETFs experienced a net inflow of $341 million. Leading the inflows was Blackrock’s IBIT, which garnered $249.04 million, bringing its total net assets to $57.75 billion.
Ark and 21Shares’ ARKB added a decent contribution with an inflow of $56.12 million, increasing its net assets to $2.95 billion. Grayscale’s GBTC and Bitwise’s BITB both added $19.54 million and $16.11 million respectively.
The continued interest in ether spot ETFs with 4 consecutive days of net inflows suggests a growing preference among investors for ether-based investment products.
At the end of the trading day, the total net assets for ether ETFs stood at $10.37 billion, representing 3.15% of ether’s market cap, while bitcoin ETFs hold $116.04 billion, which amounts to 5.93% of bitcoin’s market cap.
