Ethereum ETFs Log Third-Largest Inflow Day Amid $648M Crypto ETF Surge

Key Takeaways

• U.S. spot Bitcoin ETFs command $116.04 billion in BTC or 5.93% of its market cap.
• Bitcoin is trading down 1.95%, Ethereum is down 1.59% in the past 24 hours.
• U.S. spot Ethereum ETFs hold $10.37 billion in net assets or 3.15% of ETH’s market cap.

U.S. spot Bitcoin (BTC) and Ethereum ( ETH ) exchange-traded funds (ETFs) have pulled a gigantic $648.5 million in combined net inflows as ETH funds record their third-largest ever day of inflows.

Ethereum ETFs

Ethereum funds have pulled their third-largest day of inflows since launching, tallying a sturdy $307.77 million in total net inflows for Feb. 4, 2025.

Ethereum ETF flows. | Source: SoSoValue

Leading the gainers, BlackRock’s iShares Ethereum Trust (ETHA) pulled the lion’s share, recording $276.16 million in net inflows. Since launching, ETHA has garnered $4.41 billion in cumulative net inflows, bringing its net assets to $3.72 billion.

Fidelity’s Ethereum Fund (FETH) recorded $24.47 million With $1.49 billion in cumulative net assets, FETH is the second-best performing fund by cumulative flows.

Its net assets currently stand at $1.23 billion, and it could soon overtake the Grayscale Ethereum Mini Trust, which commands $1.3 billion in net assets.

The Bitwise Ethereum ETF (ETHW) accumulated a modest $4.14 million in net assets, giving today’s total the extra boost it needed to overtake the previous third-largest inflow of $305.74 million.

Bitcoin ETFs

According to data from SoSoValue, Bitcoin ETFs tallied $340.82 million in net inflows on Feb. 4, 2025. Despite recent setbacks in the market, investors appear undeterred as bullish momentum continues.

Bitcoin ETF flows. | Source: SoSoValue

BlackRock’s iShares Bitcoin Trust (IBIT) pulled $249.04 million in net inflows, bringing its cumulative net inflows to an eye-watering $40.73 billion. The top-performing BTC ETF now commands $57.75 billion in net assets or roughly 2.95% of BTC’s market cap.

The ARK 21Shares Bitcoin ETF (ARKB) notched a modest $56.12 million, raising its cumulative net inflows to $2.95 billion and net assets to $5.06 billion.

In a bizarre twist, the Grayscale Bitcoin Trust (GBTC) – which has underperformed so terribly that it has recorded $21.86 billion in cumulative net outflows – managed to garner a modest $19.554 million in net inflows.

Interestingly, this marks day two of its inflow streak .

Bitwise’s Bitcoin ETF (BITB) secured $16.11 million in net inflows, bringing the fund’s cumulative net inflows to $2.31 billion.