Investors continue to withdraw funds from Bitcoin ETFs, while Ethereum ETFs are showing positive dynamics. Amid cryptocurrency price declines, these ETFs display varied investor activity.
Bitcoin ETF Situation
According to SoSoValue, 12 spot Bitcoin ETFs recorded $56.76 million in net outflows on February 11. This extended their negative streak to two consecutive days with $186.28 million in outflows the previous day. Fidelity’s FBTC led the outflows with $43.63 million leaving the fund. Franklin Templeton’s EZBC, Invesco Galaxy’s BTCO, Bitwise’s BITB, and WisdomTree’s BTCW also contributed to the outflows, reporting losses of $11.03 million, $9.51 million, $9.32 million, and $7.06 million respectively. The outlier was BlackRock’s IBIT, which managed to attract $23.8 million. The daily trading volume for these investment products reached $2.14 billion, up from $1.84 billion the previous day.
Ethereum ETF Overview
Meanwhile, February 11 saw Ethereum ETFs flipping back to net inflows with $12.58 million attracted from investors, all flowing into BlackRock’s ETHA. The daily trading volume for these ETFs stood at $267.66 million on Tuesday, higher than the $210.99 million recorded the previous trading day.
Cryptocurrency Market Dynamics
As of press time, Bitcoin was trading at $95,834, down 2.5% over the past day, briefly dipping below $95,000 earlier. Ethereum also saw steeper losses, dropping 3.7% over the same period to $2,604. Investment managers continue to expand their holdings in these products. Goldman Sachs, for instance, increased its spot Ether ETF holdings by 2,000% in Q4 2024 and has raised its Bitcoin ETF stash to over $1.5 billion.
The cryptocurrency market is showing divergent trends. While Bitcoin ETFs are losing investor funds, Ethereum ETFs attract interest, reflecting the dynamic demand for different crypto assets.
