This past week, Bitcoin and Ethereum ETFs delivered mixed results. Let's explore the details and evaluate the economic background impact.
Decrease in Bitcoin ETF Inflows
From February 3 to 7, ten Bitcoin ETFs recorded a net inflow of 3,623 BTC worth $357.03 million, despite outflows of over 3,293 BTC ($324.5 million). The main contributor was iShares’ IBIT, attracting 6,428 BTC ($633.44 million). Ark Investment came second with a net inflow of 417 BTC ($41 million). Grayscale’s BTC and Vaneck Bitcoin ETF also saw increases but to a lesser extent. However, this week saw a significant decrease in capital inflows to Bitcoin funds compared to the previous one, signaling massive liquidations and negative investor sentiment.
Investor Interest in Ethereum ETF
Ethereum ETFs are attracting more investor interest, with inflows totaling 151,688 ETH ($415.93 million). The leader was iShares Ethereum ETF, drawing in 121,544 ETH ($333.27 million), followed by Fidelity’s FETH with 35,405 ETH ($97.08 million). Grayscale’s ETH came third in terms of capital input. The data suggests growing interest in Ethereum ETFs, despite their less prominent visibility compared to Bitcoin ETFs.
Economic Impact Factors
ETF performance has been influenced by macroeconomic factors and overall negative market sentiment. Mass liquidations and shifts in investor outlook played critical roles in recent outcomes.
Despite general economic uncertainty, Ethereum ETFs have drawn more investors this week, while Bitcoin ETFs saw reduced capital inflows. Further analysis will reveal if this trend persists.
