Bitcoin ETF Sees Inflows, but Investors Accumulate Ethereum

Group 1: Bitcoin ETF Inflows - Spot Bitcoin exchange-traded funds (ETFs) in the US recorded a net inflow of $561.9 million on February 2, with FBTC and IBIT leading the inflows at $153.3 million and $142 million respectively [1] - This follows a significant net outflow of $1.61 billion in January for these products [1] Group 2: Price Movements - Bitcoin's price fell below $75,000 for the first time since April 2025, currently trading at $78,500 [2] - Ethereum has seen a 26% decline over the past 30 days, with its price hovering around $2,300 [2] Group 3: Exchange Activity - Bitcoin holders deposited 3,220 BTC into centralized exchanges, resulting in a net inflow of $252.6 million [3] - Conversely, Ethereum experienced a net outflow of 143,640 ETH from centralized exchanges, valued at over $335 million [3] Group 4: Ethereum Accumulation - BitMine, a prominent Ethereum investment company, purchased 41,000 ETH on February 2, increasing its total holdings to 4.285 million ETH, which is 3.55% of the circulating supply [4] - Additionally, a crypto whale bought 33,000 ETH, worth $76.6 million, during the price dip on February 2 [5]