Recent data from February 9, 2026, reveals a substantial uptick in the focus on US-listed spot cryptocurrency ETFs, notably affecting major digital currencies such as Bitcoin and Ethereum. This trend marks a discerning investment strategy among stakeholders, selectively favoring prominent assets while showing less enthusiasm for smaller cryptocurrencies.
Why Are Bitcoin and Ethereum Leading?
In a notable move, Bitcoin spot ETFs saw the acquisition of 2,054 Bitcoins in one day, an investment valued at roughly $145 million. This volume mirrors the new Bitcoin supply over five days, indicative of increased demand in the crypto market. Ethereum followed closely, with an infusion of 26,830 ETH, totaling an investment of about $57.05 million, positioning it just after Bitcoin in daily allocations.
What’s Happening with Smaller Cryptocurrencies?
As Bitcoin and Ethereum gather momentum, smaller cryptocurrencies witness varied ETF market interactions. For instance, XRP spot ETFs observed an addition of 4.35 million XRP, which translates to nearly $6.31 million in new investments. Conversely, LINK spot ETFs gained 80,820 LINK, amounting to $720,740.
Interestingly, Solana recorded a minor net withdrawal of 170 SOL, representing $14,500. Meanwhile, no significant activity was reported for AVAX, Dogecoin, or Litecoin spot ETFs, underscoring a selective investor approach.
What Strategies Are Issuers Employing?
ETF issuers display diverse strategies reflecting varied investment stances. Grayscale made significant acquisitions of 1,850 Bitcoins and 20,980 ETH, translating to $130.54 million and $44.62 million, respectively. Nevertheless, BlackRock took a contrary path, divesting 21,150 Ethereum from its holdings, valued at $44.99 million.
These moves indicate a heterogeneous strategy landscape, with leading companies not aligning on a singular accumulation trend.
Key takeaways from the day’s transactions include:
- Significant purchases by Grayscale emphasize confidence in Bitcoin and Ethereum.
- BlackRock’s divestment of Ethereum suggests nuanced portfolio strategies.
- $209.07 million was invested into US spot crypto ETFs, highlighting predominant interest in major cryptocurrencies.
The day concluded with total new fund inflows into US spot crypto ETFs reaching an impressive $209.07 million. This development underscores a focused enthusiasm towards Bitcoin and Ethereum amongst investors, as they keenly navigate the broader cryptocurrency landscape.
