Market Update aims to provide readers with the latest market reports and key digital asset data.
Article author and source: 0xArthur, ME News
ETF Directional Data
According to SoSoValue data, Bitcoin spot ETFs saw a net outflow of $318 million last week (February 2 to February 6, Eastern Time).
The Bitcoin spot ETF with the largest net outflow last week was the Grayscale Bitcoin Trust (GBTC), with a weekly net outflow of $174 million. GBTC's historical total net outflow has reached $25.88 billion. This was followed by the Fidelity ETF (FBTC), with a weekly net outflow of $167 million. FBTC's historical total net inflow has reached $11.11 billion.
The Bitcoin spot ETF with the largest net inflow last week was the Bitwise ETF (BITB), with a weekly net inflow of $86.1656 million. BITB's total historical net inflow has now reached $2.14 billion.
As of press time, the total net asset value of Bitcoin spot ETFs was $89.43 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.39%, and a historical cumulative net inflow of $54.69 billion.
According to SoSoValue data, Ethereum spot ETFs saw a net outflow of $166 million last week (February 2 to February 6, Eastern Time).
The Ethereum spot ETF with the largest net outflow last week was BlackRock ETF ETHA, with a weekly net outflow of $152 million. ETHA's historical total net inflow is currently $12.09 billion. The second largest was Fidelity ETF FETH, with a weekly net outflow of $59.89 million. FETH's historical total net inflow is currently $2.51 billion.
The Ethereum spot ETF with the largest net inflow last week was the Grayscale Ethereum Mini Trust (ETH), with a weekly net inflow of $32.97 million. The total historical net inflow of ETH has now reached $1.66 billion.
As of press time, the Ethereum spot ETF has a total net asset value of $11.97 billion, an ETF net asset ratio (market capitalization as a percentage of Ethereum's total market capitalization) of 4.83%, and a historical cumulative net inflow of $11.81 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, accounting for 59.19% of the total holdings of listed companies.
Stablecoin data
According to CoinFound data:
- USDT market capitalization: US$195.6 billion
- USDC market capitalization: $74.98 billion
- EURC's market capitalization: $12.26 billion
- USDS market capitalization: $11.19 billion
- USDe's market capitalization: $6.5 billion
- PYUSD market capitalization: $3.9 billion
- USD1 market capitalization: $5.31 billion
Market Dynamics:
- In response to compliance pressures, Tether announced fee waivers for institutions converting traditional USDT to the compliant brand USA₮.
- The UK's FCA and the EU's ESMA discuss mutual recognition of cross-border stablecoin regulations.
- Fidelity FIDD's assets under management surpass $10 billion.
- U.S. Senator Cynthia Lummis calls on the banking industry to embrace stablecoins and digital assets.
Summarize:
- Between February 7 and 9, 2026, the stablecoin market as a whole demonstrated strong resilience and stability. Although the cryptocurrency market experienced significant volatility and decline during the same period, regulatory progress and macroeconomic pressures (such as Federal Reserve policies) will determine the short-term trend. If inflows continue, it may trigger a rebound in risk assets; conversely, if legislation is delayed, market capitalization may fluctuate further.
RWA direction data
According to CoinFound data:
- Market capitalization of commodities: US$6.9 billion
- Market value of government bonds: US$1.5 billion
- Market capitalization of institutional funds: US$2.57 billion
- Private lending market capitalization: $37.33 billion
- US Treasury bond market value: $10.22 billion
- Market value of corporate bonds: US$1.62 billion
- Market capitalization of tokenized stocks: $1.71 billion
Market Dynamics:
- The People's Bank of China and eight other departments stated that any entity or individual investing in virtual currencies, real-world asset tokens, and related financial products shall bear all losses themselves.
- China Securities Regulatory Commission: Strict supervision will be carried out in accordance with laws and regulations on the issuance of asset-backed securities tokens overseas by domestic assets.
- BlackRock BUIDL Fund achieves deep integration with Binance
- Ondo Finance launches "IPO Day-One Tokenization" service
Summarize:
- Between February 7 and 9, 2026, the RWA market showed steady growth. Despite macroeconomic pressures on the cryptocurrency market, confidence in the RWA market strengthened during this period, with significant potential for institutional inflows, which may foreshadow the arrival of the next narrative cycle.
