Bitcoin ETFs See $331M Inflows as BTC Recovers Above $70K

Total net assets fell from $100.38 billion on February 2 to a low of $80.76 billion on February 5 before recovering with February 6s inflows.

Grayscale‘s mini BTC trust attracted $20.13 million while the primary GBTC product recorded zero flows. Invesco’s BTCO posted $6.97 million in inflows. Valkyrie‘s BRRR, Franklin’s EZBC, WisdomTree‘s BTCW, and Hashdex’s DEFI all recorded zero activity.

BlackRock‘s IBIT maintains $61.84 billion in cumulative net inflows. Grayscale’s GBTC holds -$25.88 billion in net outflows since converting from a trust structure.

Fidelitys FBTC has accumulated approximately $11.08 billion in cumulative inflows based on available data.

Ethereum posts $21 million in outflows as BlackRock withdraws

Ethereum spot ETFs recorded $21.37 million in net outflows on February 6 despite Bitcoins reversal to positive flows.

BlackRocks ETHA accounted for $45.44 million in redemptions, offsetting positive flows from four other products.

Bitwise‘s ETHW led Ethereum inflows with $11.80 million, followed by Grayscale’s mini ETH trust at $6.80 million, VanEck‘s ETHV at $3.01 million, and Invesco’s QETH at $2.45 million. Grayscale‘s ETHE, Franklin’s EZET, and 21Shares TETH recorded zero flows.

Total net assets for Ethereum products fell to $10.90 billion from $13.69 billion on February 2. Cumulative total net inflow dropped to $11.80 billion.

Ethereum has posted outflows in three of the past four trading days, with February 4 and 5 recording $79.48 million and $80.79 million in withdrawals respectively.

February 3 provided brief relief with $14.06 million in inflows before redemptions resumed.