On Monday, Feb. 3, the U.S. spot exchange-traded fund (ETF) trading action saw investors leaning more toward ether ETFs than bitcoin ETFs. Ether ETFs experienced a net inflow of $83.54 million, while bitcoin ETFs faced a net outflow of $234.54 million.
Leading the bitcoin ETF outflows was Fidelity’s FBTC with a significant withdrawal of $177.64 million. Ark and 21Shares’ ARKB followed with a $50.75 million exit from its fund. Vaneck’s HODL and Bitwise’s BITB rounded up the outflows with $8.63 million and $5.54 million respectively.
The only bitcoin ETF to attract an inflow was Grayscale’s GBTC, with $8.02 million coming into the fund. All other ETFs remained neutral with no inflows or outflows. Combined, the bitcoin ETFs currently hold $119.14 billion in total net assets.
On the ether side, Fidelity’s FETH led the inflows with $49.75 million. Additionally, Grayscale’s ETHE and ETH along with 21Shares’ CETH all contributed $15.85 million, $12.75 million, and $5.19 million respectively, bolstering the positive trend for ether-based ETFs. No outflows were recorded across the 9 ether ETFs.
At the close of the trading day, ether ETFs total net assets stood at $9.98 billion, just a few million shy of hitting the $10 billion milestone.
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