U.S. Spot Bitcoin and Ethereum ETFs See Mixed Flows on February 21
On February 21, U.S. spot Bitcoin ETFs posted $88.04 million in inflows while Ethereum spot ETFs saw $17,200 net entries, highlighting varied institutional interest across major crypto assets.
On February 21, 2025, U.S. spot Bitcoin ETFs registered $88.04 million in net inflows, led by BlackRock’s iShares Bitcoin Trust (IBIT) with $64.46 million and Fidelity’s FBTC with $23.59 million. Combined AUM for Bitcoin ETFs reached $85.31 billion with a net asset ratio of 6.3% and cumulative inflows at $54.01 billion. Ethereum spot ETFs recorded $17,200 in net inflows, with BlackRock’s ETHA leading at $1.78 million and 21Shares’ TETH at $687,700, while Fidelity’s FETH posted a $2.45 million outflow. Ethereum ETF AUM stood at $11.14 billion with a net asset ratio of 4.68%, reflecting differing investor sentiment toward Bitcoin and Ethereum products.
- Spot Bitcoin ETF: An exchange-traded fund that directly holds Bitcoin, allowing investors to gain exposure to its spot price without owning the cryptocurrency.
- iShares Bitcoin Trust (IBIT): A Bitcoin-focused ETF by BlackRock that provides institutional and retail investors with direct exposure to Bitcoin’s price movements.
- Spot Ethereum ETF: An exchange-traded fund that directly holds Ethereum, giving investors exposure to the cryptocurrency’s spot price without directly owning it.