Crypto exchange-traded funds showed a mixed but telling pattern on February 2, with investors rotating capital selectively rather than exiting the asset class outright.
Key takeaways:
- Bitcoin spot ETFs recorded strong net inflows, signaling renewed institutional demand
- Ethereum ETFs saw slight net outflows despite a notable price rebound
- Solana ETFs continued to attract modest but consistent inflows
- XRP ETF flows remained volatile, with small net outflows
Bitcoin ETFs recorded strong inflows, while Ethereum and XRP products saw marginal net outflows. Solana ETFs remained modestly positive, reflecting continued niche demand.
Crypto exchange-traded funds showed a mixed but telling pattern on February 2, with investors rotating capital selectively rather than exiting the asset class outright.
Bitcoin ETFs See Strong Rebound in Inflows
Bitcoin spot ETFs recorded net inflows of $561.8 million on February 2, marking one of the strongest single-day additions since mid-January. Inflows were broad-based, led by BlackRock’s IBIT, Fidelity’s FBTC, Bitwise’s BITB, and ARK’s ARKB, signaling renewed institutional demand after a prolonged stretch of redemptions.
Bitcoin was trading around $78,638.79, up approximately 2.86% over the past 24 hours, reinforcing the view that ETF inflows are once again aligning with positive spot-price momentum after recent volatility.
Ethereum ETFs Remain Under Pressure Despite Price Gains
Ethereum ETFs posted a small net outflow of $2.9 million, reflecting continued hesitation among institutional allocators. While some products saw limited inflows, they were offset by redemptions elsewhere, keeping total flows slightly negative on the day.
Despite the ETF outflows, Ethereum’s spot price showed relative strength. ETH was trading near $2,320.52, up about 4.20% over the past 24 hours, suggesting that short-term price action is being driven more by spot market demand than ETF positioning.
Solana ETFs Maintain Modest Positive Momentum
Solana ETFs recorded net inflows of $5.5 million, continuing a pattern of steady but measured accumulation. Flows were spread across several issuers, reflecting sustained interest in Solana-based products despite broader market uncertainty.
Solana was trading at approximately $104.13, up around 2.99% over the past 24 hours, keeping pace with the broader market rebound while ETF inflows suggest incremental institutional participation rather than speculative surges.
XRP ETFs See Net Outflows as Flows Remain Volatile
XRP spot ETFs posted net outflows of roughly $404,690, driven primarily by redemptions from one product that outweighed inflows elsewhere. The relatively small size of the outflow underscores the still-developing nature of XRP ETF markets rather than a decisive shift in sentiment.
XRP was trading near $1.61, up approximately 1.83% over the past 24 hours, indicating that price action remained resilient even as ETF flows tilted modestly negative.
Market Takeaway
The February 2 ETF data highlights a rotation rather than a retreat. Bitcoin remains the primary beneficiary of institutional capital, while Ethereum ETFs continue to lag despite improving price performance. Solana shows consistent, low-volatility accumulation, and XRP ETF flows remain choppy as the market searches for equilibrium.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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Source: https://coindoo.com/bitcoin-etfs-lead-inflows-as-crypto-fund-flows-turn-selective/
