On February 4th, spot Bitcoin ETFs received a total of $341 million in net inflows, with BlackRock's iShares Bitcoin Trust (IBIT) dominating with $249 million. In contrast, Ethereum ETFs saw $308 million in net inflows, marking four consecutive days of positive momentum. However, the previous day, Bitcoin ETFs experienced $235 million in net outflows, with Fidelity's FBTC being hit the hardest with $177 million leaving. Ethereum ETFs, on the other hand, continued to see inflows despite market turbulence. Between February 1st and 3rd, a liquidation storm wiped out $8-10 billion in leveraged positions, causing BTC to briefly spike to $91,000. However, ETF investors stepped in and bought the dip on February 4th, indicating that sentiment and capital are still ready to act when opportunities arise. Additionally, BlackRock has filed an amendment with the SEC to allow in-kind redemptions for its Bitcoin ETF, potentially cutting costs and streamlining operations. Despite the volatility, institutions continue to show interest in crypto.



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