Key Points
- US spot Bitcoin ETFs recorded strong daily inflows despite recent price weakness.
- Spot Ethereum ETFs and exchange data show continued selling alongside notable accumulation.
US-listed spot Bitcoin exchange-traded funds recorded significant net inflows on February 2 as the asset traded below the $80,000 level.
Data from SoSoValue shows total net inflows of $561.9 million, led by FBTC and IBIT with $153.3 million and $142 million respectively.
Despite this rebound, spot Bitcoin ETFs experienced cumulative net outflows of $1.61 billion over January.
At the same time, spot Ethereum ETFs continued to see selling pressure, registering a net outflow of $2.86 million on the same day.
Bitcoin fell below $75,000 for the first time since April 2025 before recovering to trade near $78,500 at the time of reporting.
Ethereum declined around 26% over the past month, returning to price levels last seen in May 2025 and hovering close to $2,300.
Exchange Flows and Investor Activity
On-chain data indicates differing investor behavior between the two largest digital assets.
According to Coinglass, approximately 3,220 BTC were deposited into major centralized exchanges, representing a net inflow valued at $252.6 million.
In contrast, Ethereum recorded a net outflow of 143,640 ETH from centralized exchanges, with a market value exceeding $335 million at current prices.
BitMine, an Ethereum-focused investment firm, disclosed the purchase of 41,000 ETH on February 2 through an official press release.
Following this transaction, BitMine’s total Ethereum holdings reached approximately 4.285 million tokens, representing about 3.55% of circulating supply.
The company also reported that 2.873 million ETH from its holdings are currently staked on the network.
Blockchain monitoring platform Lookonchain reported that a large market participant accumulated 33,000 ETH, valued at $76.6 million, alongside 250 Coinbase Wrapped BTC worth $18.95 million.
