Market Update aims to provide readers with the latest market reports and key digital asset data.
Article author and source: 0x9999in1, ME News
ETF Directional Data
According to SoSoValue data, Bitcoin spot ETFs saw a total net inflow of $562 million yesterday (February 2nd, Eastern Time).
The Bitcoin spot ETF with the largest single-day net inflow yesterday was the Fidelity ETF FBTC, with a single-day net inflow of $153 million. The current total historical net inflow of FBTC is $11.427 billion.
The second largest inflow was into the BlackRock ETF IBIT, with a net inflow of $142 million in a single day. IBIT's total historical net inflow has reached $62.098 billion.
As of press time, the total net asset value of Bitcoin spot ETFs was $100.377 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.44%, and a historical cumulative net inflow of $55.569 billion.
According to SoSoValue data, the Ethereum spot ETF saw a total net outflow of $2.8558 million yesterday (February 2nd, Eastern Time).
The Ethereum spot ETF with the largest single-day net inflow yesterday was the Fidelity ETF FETH, with a single-day net inflow of $66.624 million. The current total historical net inflow of FETH is $2.641 billion.
The second largest inflow was the VanEck ETF ETHV, with a net inflow of $7.6437 million in a single day. The total historical net inflow of ETHV has now reached $172 million.
The Ethereum spot ETF with the largest single-day net outflow yesterday was the BlackRock ETF ETHA, with a single-day net outflow of $82.1114 million. Currently, the total historical net inflow of ETHA is $12.16 billion.
As of press time, the Ethereum spot ETF has a total net asset value of $13.687 billion, an ETF net asset ratio (market capitalization as a percentage of Ethereum's total market capitalization) of 4.88%, and a historical cumulative net inflow of $11.972 billion.
BTC Directional Data
According to CoinFound data, 195 listed companies currently hold a total of 1,205,412 BTC, accounting for 6.06% of the total Bitcoin supply. Among them, Strategy Inc (MSTR) holds 713,502 BTC (an increase of 855 BTC from the previous holding), accounting for 59.19% of the total holdings of listed companies.
Stablecoin data
According to CoinFound data:
- USDT market capitalization: US$198.44 billion
- USDC market capitalization: $70.75 billion
- USDS market capitalization: $11.04 billion
- USDe market capitalization: $6.62 billion
- PYUSD Market Cap: $3.38 billion
- USD1 Market Cap: $5.07 billion
Market Dynamics:
- Hong Kong Monetary Authority: Plans to issue the first batch of stablecoin licenses in March; applications have been received from 36 institutions.
The White House will hold a meeting with the crypto and banking industries at 2:00 AM on February 3 to discuss stablecoins.
- Curve's stablecoin crvUSD has experienced a slight de-pegging.
Summarize:
From February 2nd to February 3rd, 2026, the global stablecoin market will enter a period of "regulatory dividends" and "institutional focus". With the implementation of the US GENIUS Act and the clarification of the licensing process in Hong Kong, stablecoins are evolving from simple mediums of exchange into the underlying infrastructure of the global financial system. The stablecoin market is shifting from unregulated growth to a licensed competition.
RWA direction data
According to CoinFound data:
- Commodity market capitalization: $6.46 billion
- Market value of government bonds: $1.45 billion
- Institutional fund market capitalization: $2.63 billion
- Private lending market capitalization: $29.54 billion
- Market value of US Treasury bonds: $10.34 billion
- Market value of corporate bonds: US$1.75 billion
- Market capitalization of tokenized stocks: $1.73 billion
Market Dynamics:
On February 2nd, the NYAG, along with regulators from multiple states, protested the "lenient" consumer protection provisions of the GENIUS Act.
- H100 Bitcoin Strategy Head: Strategy's preferred stock dividend yield is expected to continue rising during the bear market.
Manta Network partners with Pruv Finance to launch RWA, a tokenized sports infrastructure.
Prometheum, a tokenized securities firm, announced the completion of a $23 million funding round.
Summarize:
The key word for the RWA market these past two days has been "resilience." While the broader market has corrected, the RWA sector has outperformed most DeFi protocols thanks to the value of its underlying assets.
