Ethereum regains $2K support as ETH ETF inflows return, signaling renewed investor confidence and momentum in the crypto market.
Ethereum spot ETFs recorded $10.26 million in net inflows on February 13, breaking a two-day outflow streak that saw $242.28 million in redemptions.
Grayscale’s mini ETH trust led flows with $14.51 million, followed by VanEck’s ETHV at $3.00 million and Fidelity’s FETH at $2.04 million.
Ethereum (eth 5.66%) price gained 5.8% over 24 hours to reclaim the $2,000 level, trading in a range of $1,926.66 to $2,067.44.
The recovery follows sharp declines across longer timeframes: down 1.2% over seven days, 23.7% over 14 days, 37.5% over 30 days, and 24.4% over one year.
Weekly Ethereum outflows persist at $161 million
Ethereum ETFs recorded $161.15 million in weekly net outflows for the period ending February 13, despite the final day’s positive flow.
February 11 posted the week’s largest single-day withdrawal at $129.18 million, followed by February 12’s $113.10 million in redemptions.
Total value traded reached $1.10 billion on February 13, down from $880.33 million the previous day.
Bitcoin posts modest $15 million inflow with mixed fund flows
Bitcoin spot ETFs recorded $15.20 million in net inflows on February 13, led by Fidelity’s FBTC with $11.99 million.
Grayscale’s mini BTC trust added $6.99 million, while VanEck’s HODL contributed $1.95 million and WisdomTree’s BTCW posted $3.64 million.
February 11-12 saw Bitcoin ETFs post $686.67 million in combined outflows before February 13’s reversal.
Ethereum’s 5.8% daily gain allowed it to reclaim the $2,000 level after dipping below $1,930 earlier in the session.
View sources >> Ethereum regains key $2,000 support with ETH ETF inflows returning
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