Bitcoin and Ethereum ETFs Experience Mixed Results as Macroeconomic Concerns Weigh on Crypto Markets

This week, Bitcoin and Ethereum ETFs experienced mixed results, according to data reported by Lookonchain today. This coincided with significant declines

Bitcoin ETFs saw mixed results in the past week, with inflows decreasing by 50%, as reported by Lookonchain. This coincided with broader crypto markets experiencing declines.

Bitcoin ETFs inflows decreased by 50%

10 Bitcoin ETFs recorded net inflows of 3,623 BTC ($357.03 million) in the week (February 3-7), experiencing outflows of over 3,293 BTC (around $324.5 million).

iShares’ IBIT contributed to the majority of the net inflows, drawing in 6,428 BTC ($633.44 million), as per data from Lookonchain.

The next highest inflows were into Ark Investment’s fund, which received 417 BTC ($41 million). Grayscale’s BTC saw inflows of 43 BTC ($4.2 million), and Vaneck Bitcoin ETF saw 28 BTC ($2.7 million) in inflows.

Interestingly, this week saw significantly decreased capital inflows to Bitcoin funds, compared to the previous week.

Over the last week (Jan.27–31), a total of 6,661 BTC (equivalent to $698.19 million) entered into Bitcoin ETFs while this week only $357.03 million. This signals massive liquidations experienced during this week triggered by macroeconomic concerns and negative sentiment among crypto investors and traders.

Ether ETFs gain investor interest

The inflows were not limited to Bitcoin. Ethereum ETFs saw larger inflows than Bitcoin, attracting 151,688 ETH ($415.93 million) in the past week.

iShares Ethereum ETF attracted the largest inflows of 121,544 ETH ($333.27 million). Fidelity’s FETH came in second with inflows of 35,405 ETH ($97.08 million).

Grayscale’s ETH came in third with a capital influx of 10,540 ETH ($28.9 million). 21Shares’s CETH secured the fourth spot with inflow of 1,900 ETH ($5.2 million).

Other Ethereum ETFs that registered inflows include Bitwise’s ETHW and VanEck’s ETHV, as indicated in the data.

While Ethereum funds are not as prominent as Bitcoin ETFs, this data signals that investors have begun showing interest in them in recent weeks.

From February 3 – 7, Ether funds experienced an increased number of investors who put in net inflows of $415.93 million into them. In the previous week, these funds did not record any capital net inflows.