ETFs focused on Ether experienced strong net inflows totaling $420.06 million during the week from February 3 to 7, outperforming their Bitcoin counterparts, which recorded positive inflows of $203.54 million, according to Sosovalue data.
Ether Funds Performance: BlackRock Takes the Lead The ETHA fund of BlackRock stood out as the most attractive for inflows, attracting $286.81 million, raising its net assets to $3.56 billion. The FETH fund from Fidelity recorded inflows of $97.28 million, bringing its total assets to $1.19 billion.
Meanwhile, Grayscale’s ETH and ETHE funds achieved $17.96 million and $8.69 million respectively, while CETH from 21Shares and ETHW from Bitwise added $5.19 million and $4.14 million each.
Bitcoin Funds Inflows: BlackRock Prevails Despite Fidelity Losses In the Bitcoin sector, BlackRock's IBIT fund attracted strong inflows of $315.26 million, followed by Ark 21Shares' ARKB with $64.41 million, then Bitwise's BITB with $21.05 million and VanEck's HODL with $13.13 million. However, Fidelity's FBTC fund recorded massive outflows totaling $217.78 million.
Total Net Assets Reflect a Return of Confidence By the end of the week, net assets for Bitcoin ETFs reached $113.09 billion, while net assets for Ether ETFs settled at $9.88 billion. Despite some outflows, the data indicates a renewed confidence from investors in digital asset ETFs.
