📊BTC & ETH Spot ETF Summary (as of February 6, 2026) ✅ Takeaway BTC and ETH spot ETFs experienced a net outflow, and BTC's outflow spread widely to IBIT, FBTC, and GBTC, so the risk reduction was quite strong. Market Snapshot BTC Spot ETF: -$434.1M ETH Spot ETF: -$80.8M WATCH • BTC: Is there a "continuation" of outflows from IBIT (-$175.3M), FBTC (-$109.5M), and GBTC (-$75.4M)? • ETH: Is FETH (-$55.8M) outflow slowing down, or is ETHE (-$27.1M) reaccelerating? • ETH: Is ETHA (-$8.5M) growing further, or is partial inflows like Grayscale Mini (ETH, +$7.1M) increasing defensively? Playbook 👉 During this period of expanding outflows, no chasing or leverage is allowed; spot ETFs are also split/suppressed. 👉 If a reduction (slowdown) or positive turn in outflows is confirmed on the next trading day, adjust the intensity of your response accordingly.