On February 4th, Bitcoin ETFs collectively registered $341 million in inflows, with the majority going to the IBIT BlackRock fund at $249 million. Meanwhile, Ethereum ETFs also had $308 million in inflows and experienced a positive trend for the fourth consecutive day. This shift occurred right after Bitcoin ETFs saw $235 million in outflows the day before, halting the four-day capital inflow trend. The largest outflow was from the FBTC Fidelity fund at $177 million. However, Ethereum ETFs continued to attract investors with $83.5 million in inflows, indicating ongoing capital attraction to this market. This capital influx happened amidst a crypto market experiencing a storm of liquidation between February 1st and 3rd. During this period, $8 to $10 billion in leveraged positions were lost, causing Bitcoin to temporarily drop to $91,000. Ethereum and some altcoins also experienced a 20% decline. Following the price drop, investors re-entered the market to take advantage of the lower prices. These new investments in ETFs led to a return of capital flow to the market. Additionally, BlackRock submitted a corrective to the U.S. Securities and Exchange Commission (SEC) that, if approved, would allow institutional investors to directly exchange their ETF shares for Bitcoin instead of cash. This change could reduce costs and simplify transaction processes, significantly impacting the market in the long run. On the real-time digital currency price page, you can view the prices of all tokens and cryptocurrencies live and in real-time.
