Ethereum regains key $2,000 support with ETH ETF inflows returning

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Spot Ethereum ETFs saw money come back in on February 13.

After two straight days of heavy outflows totaling more than $242 million, Ethereum ETFs recorded $10.26 million in net inflows. It’s not a huge number, but it breaks the recent streak of redemptions.

The biggest inflow went to Grayscale’s mini ETH trust, which brought in $14.51 million. VanEck’s ETHV followed with $3 million, and Fidelity Investments’s FETH added $2.04 million.

At the same time, Ethereum itself had a strong day. ETH climbed 5.8% in 24 hours, pushing back above the $2,000 level. During the session, it traded between about $1,926 and $2,067.

But the bigger picture still looks rough.

Even with this bounce, Ethereum is down:

  • 1.2% over the past 7 days
  • 23.7% over 14 days
  • 37.5% over 30 days
  • 24.4% over the past year

Zooming out to the weekly data, Ethereum ETFs are still in negative territory. For the week ending February 13, total net outflows reached $161.15 million, despite the final day’s inflow.

Earlier in the week, February 11 saw a massive $129.18 million in withdrawals. February 12 followed with another $113.10 million in outflows. There was a short break in selling on February 9 and 10, when funds added about $70.87 million combined, but it wasn’t enough to offset the larger redemptions.

Looking back further:

  • The week ending February 6 saw $165.82 million in outflows.
  • The week ending January 30 recorded $326.93 million in redemptions.
  • The week ending January 23 was the worst, with $611.17 million pulled out as Ethereum dropped from above $3,000 to below $2,000.

On February 13, total ETF trading volume reached $1.10 billion, slightly higher than the previous day.

Meanwhile, Bitcoin ETFs also posted a small rebound. Spot Bitcoin ETFs recorded $15.20 million in net inflows on February 13.

Fidelity’s FBTC led with $11.99 million in inflows. Grayscale’s mini BTC trust added $6.99 million, while VanEck’s HODL and WisdomTree’s BTCW also posted gains. However, BlackRock’s IBIT saw $9.36 million in outflows, marking its third withdrawal in four trading days.

Just days earlier, on February 11 and 12, Bitcoin ETFs had posted a combined $686.67 million in outflows, making the February 13 inflow a modest but noticeable shift.

In simple terms, both Ethereum and Bitcoin ETFs saw a small recovery in investor sentiment on February 13. Ethereum’s jump back above $2,000 helped confidence, but weekly flows still show that investors have been pulling money out in a big way.

For now, the rebound looks like a pause in heavy selling — not yet a full turnaround.