Bitcoin ETF Sees Inflows, but Investors Accumulate Ethereum

Spot Bitcoin exchange-traded funds in the US recorded strong net inflows on Feb. 2, while the asset’s price hovers below the $80,000. According to data from SoSoValue, spot BTC ETFs saw a net inflow of $561.9 million, led by FBTC and IBIT’s $153.3 million and $142 million inflows. These products saw a net outflow of $1.61 billion in January. However, spot Ethereum ETFs continued their selloff with a net outflow of $2.86 million on the same day, SoSoValue data shows. Bitcoin’s inflows came as it fell b ...