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 BTC $78 283 24h volatility: 1.2% Market cap: $1.56 T Vol. 24h: $61.82 B inflows came as it fell below $75,000 for the first time since April 2025. With the latest rebound, BTC is trading at $78,500 at the time of writing.

Ethereum ETH $2 293 24h volatility: 0.2% Market cap: $276.33 B Vol. 24h: $37.84 B is also down 26% over the past 30 days, a level last seen in May 2025. The leading altcoin is currently hovering close to $2,300.

Selling Bitcoin, Buying Ethereum

The mixed signals don’t end with the ETF flows for the top two digital assets.

Bitcoin holders deposited 3,220 BTC into leading centralized crypto exchanges, recording a net inflow of $252.6 million, according to data from Coinglass.

On the other hand, Ethereum registered a net outflow of 143,640 ETH from CEX platforms, worth just over $335 million at current prices.

One of the most prominent ETH buyers is BitMine. The Ethereum investment company purchased 41,000 ETH on Feb. 2, according to a press release.

The accumulation brings BitMine’s ETH holdings to 4.285 million tokens, accounting for 3.55% of the ETH circulating supply. The firm also added that its staked ETH stands at 2.873 million.

Lookonchain also shared on X that a crypto whale bought the ETH price dip late on Feb. 2.

The whale accumulated 33,000 ETH, worth $76.6 million, and 250 Coinbase Wrapped BTC (CBBTC), worth $18.95 million.

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