Bitcoin (BTC) and Ethereum (ETH) ETFs took a serious hit following the decline in the crypto market, with BTC ETFs locking in $318.56 million and ETH ETFs securing $27.78 million. In fact, US Bitcoin ETFs recorded a net inflow of $559.84 million last week (January 27 to January 31, Eastern Time), while U.S. Ethereum ETFs faced a weekly net outflow of $45.51 million.
Bitcoin ETF Flows as of January 31
According to SoSoValue, the daily net inflow of the U.S. spot BTC ETF market was $318.56 million, bringing the cumulative total net inflow to $40.50 billion. The inflows as of January 31 saw $363.83 million locked in from IBIT (BlackRock). Inflows also include: $35.59 million from Ark & 21Shares (ARKB) and $5.76 million from VanEck (HODL).
Meanwhile, Grayscale (GBTC) saw an outflow of $30.59 million, and Bitwise (BITB) lost $56.03 million. At the time of writing, Bitcoin is trading at $94,545.92 after a 5.86% dip in the past day.
Ethereum ETF Flows as of January 31
The daily net inflow of the U.S. spot Ethereum ETF market was $27.78 million, bringing the cumulative total net inflow to $2.76 billion. Individually noted, Grayscale Ethereum Trust ETF (ETHE) saw the highest outflow of $31.92 million.
In contrast to this, BlackRock (ETHA) recorded an inflow of $57.27 million and VanEck (ETHV) witnessed an inflow of $2.43 million. When it comes to market trends, Ethereum is currently trading at $2,537.35 after a steep 18% decline in the past day.
It is worth noting that the overall substantial decline in inflows into the US spot Bitcoin ETF and US spot Ethereum ETF could be due to the ongoing volatility, which, in turn, was an aftereffect of President Trump’s stringent tariff policy. Several market analysts have predicted that cryptocurrencies, especially Bitcoin, which is seen as a hedge against inflation, might not react significantly to the new policies and may experience further declines.
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