US Spot Bitcoin ETFs Record $272M Outflows as Ethereum ETFs Attract $14M Inflows

On February 4, 2024, US spot Bitcoin exchange-traded funds (ETFs) collectively experienced substantial net outflows totaling $272 million, according to data compiled by Farside Investors. This significant capital movement indicates a notable shift in investor sentiment concerning Bitcoin-backed investment products. In contrast, US-based Ethereum ETFs observed net inflows of $14 million during the identical period, suggesting a divergent trend in investor interest towards Ethereum-based investment vehicles. The data from Farside Investors provides a snapshot of the evolving dynamics within the burgeoning cryptocurrency ETF market, highlighting distinct performance metrics for the two leading digital assets.