- Fidelity’s Bitcoin ETF led inflows with $12M, showing rising investor interest despite cautious exposure.
- Ethereum ETFs gained $10M+ as Grayscale’s ETH fund surged, reflecting renewed optimism in the crypto market.
- BlackRock’s Bitcoin trust slightly outflowed, but overall ETF assets topped $87B, proving institutional confidence.
Institutional investors continue fueling growth in U.S. cryptocurrency ETFs, signaling strong confidence in digital assets. On February 13 (ET), Bitcoin-focused ETFs recorded total net inflows of $15.20 million, pushing cumulative assets under management (AUM) to over $87 billion. Fidelity’s Bitcoin product (FBTC) led inflows, adding $11.99 million in a single day.
Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) saw a small outflow of $9.36 million, even as it held assets worth $52.4 billion. The inflow of funds into the product indicates that investors are interested in Bitcoin products as a hedge against the volatility of traditional markets.
Besides Bitcoin, Ethereum ETFs also attracted substantial attention. Total net inflows reached $10.26 million, with Grayscale’s Ethereum Mini Trust ETF posting the largest single-day gain at $14.51 million. Ethereum products collectively hold $11.72 billion, representing 4.75% of Ethereum’s market capitalization. NASDAQ’s ETHA dominates Ethereum ETFs with $6.57 billion in assets, even after a modest $9.28 million daily outflow. Consequently, these inflows reflect renewed optimism around Ethereum’s market recovery.
Bitcoin ETF Trends
Fidelity’s FBTC performed well, increasing total assets to $12.9 billion. It outperformed rivals, with its Bitcoin share still below 1%, indicating a cautious yet increasing interest. Grayscale showed mixed performance: GBTC experienced no new inflows but held $10.71 billion in assets.
On the other hand, its Bitcoin ETF (BTC) recorded a $6.99 million increase, indicating a rising acceptance rate among investors. Bitwise’s BITB held steady at $2.12 billion in net assets, indicating a steady institutional interest. The total daily transaction volume for Bitcoin ETFs was $3.69 billion, with market prices increasing 5.18% to 5.26%. Thus, investor sentiment for Bitcoin ETFs remains strong.
Ethereum ETF Movements
Ethereum ETFs continue gaining traction. Grayscale’s ETH fund added $14.51 million in inflows, reaching a market price of $19.35 with a 6.85% daily gain. ETHE showed mixed trends, reporting cumulative outflows of $5.19 billion but a 6.79% daily price increase to $16.68.
CBOE’s FETH and NYSE’s ETHW also registered an increase in their price and net asset value. FETH reached $1.35 billion, whereas ETHW was at $223.83 million, with a daily price increase of 6.86% and 6.93%, respectively. The above results highlight the overall interest of investors in Ethereum ETFs.
