As of February 1, 2025, Ethereum (ETH) is trading at approximately $3,248.71, down 2.1% over the past 24 hours. The 24-hour trading volume is around $20.11 billion. The RSI is at 48 right now, which puts ETH in the neutral zone. The SEC has just given the green light to Bitwise’s Bitcoin and Ethereum ETF.

Ethereum is struggling to recover after a tech sell-off, impacting ETF flows, while Bitcoin has recovered after a rocky start to the week.

Bitwise's Chief Investment Officer Matt Hougan reported that US spot Bitcoin exchange-traded funds (ETFs) experienced nearly $5 billion in inflows during January, setting a pace that could exceed $50 billion for the year.

U.S. spot Bitcoin ETFs command $119.66 billion in BTC or 5.94% of its market cap. Bitcoin is down 4.21% in the past 24 hours and

According to Hougan, if the January flow is annualized, Bitcoin ETFs would record around $59 billion in inflows, far above the $35.2 billion inflows in 2024.