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Ethereum regains the $2,000 support level as ETF inflows resume
Ethereum (ETH) rallied to reclaim the crucial $2,000 mark after spot ETF inflows returned on February 13. After two consecutive days of redemptions, Ethereum spot ETFs posted $10.26 million in net inflows, helping lift ETH roughly 5.8% on the day. Traders saw intraday trading between $1,926.66 and $2,067.44 as volume reached $1.10 billion.
ETF flows: who drove the rebound?
Grayscale’s mini ETH trust led the inflows with $14.51 million, while VanEck’s ETHV recorded $3.00 million and Fidelity’s FETH added $2.04 million. Despite the single-day recovery, weekly numbers remain negative: Ethereum ETFs suffered $161.15 million in net outflows for the week ending February 13. That week included heavy redemptions on February 11 and 12 — $129.18 million and $113.10 million respectively — offsetting earlier inflows on February 9-10.
Longer-term ETF redemption trends
Broader ETF outflows have been recurring over recent weeks. The week ending February 6 posted $165.82 million in withdrawals, while the week ending January 30 recorded $326.93 million. The largest weekly hit came the week of January 23, when $611.17 million exited Ethereum funds as ETH slid from above $3,000 to below $2,000.
Bitcoin ETFs also showed mixed flows
Bitcoin spot ETFs saw modest inflows on February 13 as well, totaling $15.20 million. Fidelity’s FBTC led with $11.99 million, followed by Grayscale’s mini BTC trust with $6.99 million. Other funds such as VanEck’s HODL and WisdomTree’s BTCW contributed smaller amounts. Notably, BlackRock’s IBIT posted $9.36 million in outflows — its third withdrawal in four trading sessions.
Market impact and outlook
The renewed interest in ETH ETFs provided immediate technical support, pushing ETH back above a psychologically important level. However, the persistent weekly outflows underscore continued distribution pressure across digital-asset funds. Traders and investors should watch ETF net flows, on-chain indicators, and macro catalysts for further confirmation of a sustained recovery.
While short-term price action shows a rebound, larger timeframes remain under pressure — ETH is down across 7-, 14-, and 30-day windows and remains substantially below year-ago levels. For many market participants, monitoring ETF flow trends will be critical to assessing whether asset managers are redeploying capital into Ethereum or continuing to withdraw.
This development is a reminder that ETF flows and institutional demand remain key drivers of short- to mid-term price momentum for major cryptocurrencies like Ethereum and Bitcoin.
Source: crypto
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