Ethereum ETFs Reverse Course With $79.48M Outflow After Brief Inflow

Key Insights

• Ethereum ETFs record $79.48 million in outflows on February 4, 2026
• BlackRock’s ETHA leads withdrawals with $58.95 million
• Bitcoin ETFs see larger $544.94 million outflow

Ethereum ETFs experienced outflows of $79.48 million on February 4, 2026, reversing the brief recovery period after just one day of positive flows, according to SoSoValue data.

BlackRock’s ETHA led withdrawals with $58.95 million, while Fidelity’s FETH recorded $20.53 million in outflows.

The February 4 selling came one day after Ethereum ETFs attracted $14.06 million in inflows. Bitcoin ETFs experienced larger withdrawals of $544.94 million during the same session.

BlackRock and Fidelity Account For All Ethereum ETF Outflows

BlackRock’s ETHA recorded $58.95 million in outflows on February 4, accounting for 74% of total Ethereum ETF withdrawals.

Fidelity’s FETH recorded $20.53 million in exits, accounting for the remaining 26%. The two products accounted for all net outflows during the session.

All other Ethereum ETF sponsors reported zero activity for the day. Grayscale’s ETHE, Grayscale’s ETH, Bitwise’s ETHW, VanEck’s ETHV, Franklin’s EZET, Invesco’s QETH, and 21Shares’ TETH recorded no flows.

Total value traded across Ethereum ETFs reached $2.27 billion on February 4. Cumulative total net inflows declined to $11.91 billion from $11.99 billion on February 3. Total net assets dropped to $12.71 billion from $13.39 billion.

Brief Recovery Period Ends After One Day

The February 4 outflows followed $14.06 million in inflows into Ethereum ETFs on February 3.

The one-day recovery had provided brief relief following the $2.86 million outflow on February 2.

Ethereum ETFs have experienced volatile flow patterns throughout late January and early February.

The products recorded heavy outflows of $252.87 million on January 30 and $155.61 million on January 29. A modest recovery on January 28 brought $28.10 million in inflows before the selling resumed.

Weekly data shows Ethereum ETFs recorded $68.28 million in outflows for the period ending February 4.

Total value traded on a weekly basis reached $7.74 billion. The negative weekly performance follows the prior week’s $326.93 million in withdrawals through January 30.

Cumulative Flows Decline From Recent Peak

Cumulative net inflows for Ethereum ETFs totaled $11.91 billion on February 4, after peaking at $12.91 billion on January 16.

The asset base has declined more sharply than cumulative flows, driven by Ethereum price movements.

Total net assets dropped from $20.42 billion on January 16 to $12.71 billion on February 4. The $7.71 billion decrease over the period was driven by both outflows and declines in cryptocurrency prices.

The week ending January 23 recorded $611.17 million in Ethereum ETF outflows, the largest weekly outflow. The week ending January 16 saw $479.04 million in inflows.

Bitcoin ETFs Experience Larger Concurrent Outflows

Bitcoin ETFs recorded $544.94 million in outflows on February 4, nearly 7 times the amount recorded by Ethereum ETFs.

BlackRock’s IBIT led Bitcoin ETF outflows with $373.44 million, followed by Fidelity’s FBTC at $86.44 million.

Grayscale’s GBTC experienced $41.77 million in withdrawals, while Ark & 21Shares’ ARKB recorded $31.72 million in outflows.

VanEck’s HODL saw $5.20 million exit, and Franklin’s EZBC recorded $6.38 million in withdrawals. Multiple Bitcoin ETF products reported zero activity during the session.

Cumulative total net inflows for Bitcoin ETFs declined to $54.75 billion, down from $55.30 billion on February 3.

Total net assets dropped to $93.51 billion from $97.01 billion. The asset base has fallen below $100 billion amid sustained selling pressure.

The combined outflows across Bitcoin and Ethereum ETFs totaled $624.42 million on February 4.

Bitcoin ETFs have now experienced outflows on two of the past three trading days, totaling $816.96 million on February 3 and 4 combined.

The February 2 inflow of $561.89 million provided temporary relief before the selling resumed.

Ethereum ETFs have recorded outflows on three of the past five trading days. The products attracted $14.06 million on February 3 and $28.10 million on January 28, but experienced withdrawals totaling $334.96 million across the other three days in the period.

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