Bitcoin ETFs Face Losses After Four Upturns as Ethereum ETFs Secure Third Consecutive Inflows

Highlights:

• Bitcoin ETFs have succumbed to net outflows after trading gains on four consecutive outings.
• Ethereum ETFs had another profitable day, which extended its winning streak to the third straight day.
• Spot BTC funds had losses worth $234.54 million, while their Ethereum counterparts brought in profits valued at approximately $83.54 million.

On February 3, Bitcoin (BTC) and Ethereum (ETH) ETFs recorded their first-ever outing in February 2025. Per the renowned on-chain ETF market tracker, SosoValue, Bitcoin funds saw net outflows worth $234.54 million for the first time after witnessing gains in their previous four outings. On the other hand, their Ethereum counterparts had net profits valued at $83.54 million, extending their winning streak to a third consecutive day.

On February 3, the total net outflow of Bitcoin spot ETFs was US$235 million, the first net outflow after the net inflow in the past 4 days. Fidelity ETF FBTC had a net outflow of US$177 million. Ethereum spot ETF had a total net inflow of $83.5404 million.…

— Wu Blockchain (@WuBlockchain) February 4, 2025

It is worth noting that yesterday’s ETF market outing coincided with the generalized market declines that plunged most cryptocurrencies into losses. Hence, it invariably implies that investors were positive about Ethereum’s appreciation potential, which led them to keep buying the token amid gross market Uncertainty.

Notably, Bitcoin ETFs attracted losses after recording gains to conclude the past week in net profits. According to one of our old publications, BTC funds had $318.56 million in net inflows on the last day of January 2025. The gain helped elevate Bitcoin ETFs’ cumulative net inflows above the $40 billion mark. Similarly, it contributed to assisting Bitcoin ETFs attain $559.84 million weekly gains, extending the streak to a fifth straight week.

On its part, despite recording a $27.78 million gain on January 31, it was not enough to save ETH funds from concluding the previous week in losses, worth approximately $45.51 million. Having started a new week on a positive note, market observers will hope that the funds sustain the trend, as it could be crucial in dictating ETH’s price trajectory toward profitable directions.

BTC ETFs Latest Flow Statistical Details

In SosoValue’s data, five BTC ETFs were active yesterday, while the remaining seven had neither inflows nor outflows. Among the active funds, only Grayscale Bitcoin ETF (GBTC) witnessed gains, valued at about $8.02 million. Fidelity Bitcoin ETF (FBTC), ARK 21Shares Bitcoin ETF (ARKB), VanEck Bitcoin ETF (HODL), and Bitwise Bitcoin ETF (BITB) all recorded losses.

The four funds highlighted above let out $177.64 million, $50.75 million, $8.63 million, and $5.54 million, respectively. As a result of yesterday’s net outflows, Bitcoin ETFs’ cumulative net inflows dropped from $40.50 billion to $40.26 billion. Similarly, the total value traded slightly reduced from $119.66 billion to $119.4 billion. On the other hand, the total value traded rose from $3.45 billion to $5.88 billion.

Ethereum ETFs Surge Led by FETH

Unlike Bitcoin, Fidelity Ethereum ETF (FETH) topped the profit charts for the ETH funds. It had gains worth approximately $49.75 million. Aside from FETH, three other Ethereum ETFs were active yesterday. Notably, all active funds attracted profits, as the remaining five commodities failed to record funds movements.

The other profitable Ethereum ETFs were Grayscale Ethereum ETF (ETHE), Grayscale Mini Ethereum ETF (ETH), and 21Shares Ethereum ETF (CETH). These funds brought in $15.85 million, $12.75 million, and $5.19 million, respectively.

Following the profitable outing, all Ethereum ETFs’ cumulative metrics soared considerably. For context, ETH funds total net inflows jumped from $2.76 billion to $2.84 billion. Similarly, the total value traded increased from $476.84 million to $1.49 billion. On the contrary, the total net assets valuation, representing 3.06% of Ethereum’s market capitalization, dropped from $12.08 billion to $9.98 billion.