TL;DR
- Bitcoin inflows: Bitcoin ETFs added over $561 million as BTC rebounded toward $78,600, with major issuers driving renewed institutional demand.
- Ethereum accumulation: ETH ETFs saw slight outflows, but spot buyers accumulated heavily, including BitMine’s 41,000 ETH purchase and a whale adding 33,000 ETH.
- Altcoin flows: Solana ETFs posted $5.5 million in inflows. At the same time, XRP saw a small outflow of $404,690, despite both assets recording modest price gains.
Crypto ETFs delivered a mixed performance on February 2, revealing a market that is rotating capital rather than abandoning digital assets. Bitcoin ETFs attracted substantial inflows, while Ethereum and XRP products saw mild outflows, and Solana maintained steady accumulation. The day’s data paints a picture of selective positioning as investors respond to shifting price dynamics and institutional behavior.
Bitcoin Leads ETF Inflows as Prices Rebound
Spot Bitcoin ETFs recorded net inflows of $561.8 million, one of the strongest single-day totals since mid-January. The surge was driven by broad participation from issuers, including BlackRock’s IBIT, Fidelity’s FBTC, Bitwise’s BITB, and ARK’s ARKB. Additional data from SoSoValue showed a similar $561.9 million figure, with FBTC and IBIT contributing $153.3 million and $142 million. Bitcoin traded near $78,638.79, up 2.86% over 24 hours, aligning Bitcoin ETFs demand with improving spot momentum after dipping below $75,000 earlier in the week.
Ethereum ETFs posted a small net outflow of $2.9 million, continuing a cautious trend among institutional allocators. Yet ETH’s price told a different story, rising 4.20% to around $2,320.52. On centralized exchanges, Ethereum saw a net outflow of 143,640 ETH worth over $335 million, signaling accumulation. BitMine purchased 41,000 ETH, lifting its holdings to 4.285 million tokens, while a whale added 33,000 ETH and 250 Coinbase Wrapped BTC.
Solana Maintains Steady Institutional Interest
Solana ETFs recorded $5.5 million in net inflows, reflecting consistent but measured demand. Flows were distributed across several issuers, reinforcing the asset’s appeal during broader market uncertainty. SOL traded near $104.13, up 2.99% over 24 hours, keeping pace with the market’s rebound.
XRP spot ETFs saw net outflows of roughly $404,690, driven by redemptions from a single product. Despite the negative flow, XRP’s price held firm at $1.61, up 1.83% over 24 hours. The modest outflow highlights the early-stage nature of XRP ETF markets rather than a decisive sentiment shift.
