On Monday, February 2, Bitcoin spot funds saw net inflows of $561.9 million, breaking a four-day streak of outflows and recording the highest one-day inflow since January 14.
The inflows into BTC ETFs came amid continued volatility in Bitcoin, which fell to around $75,000 earlier in the day before rising to $78,500.
According to SoSoValue, Fidelity's FBTC led Monday's inflows with $153.4 million. BlackRock's IBIT followed with $142 million. Bitwise's BITB saw net inflows of $96.5 million. Funds from Grayscale, Ark & 21Shares, VanEck, Invesco, and WisdomTree also saw inflows.
Large investors are using regulated ETFs to scale their holdings during macroeconomic shifts, rebalance their portfolios, or prepare for catalysts. If this trend continues, spot buying could lead to a reduction in liquidity and support a more sustainable short-term market backdrop, said Vincent Liu, CIO of Kronos Research.
Ethereum ETFs continue to lose money. On Monday, February 2, net outflows from the funds totaled $2.86 million. This is significantly lower than Friday, January 30, when investors withdrew over $252 million from the ETH ETF.