In today’s cryptocurrency news, Ether exchange-traded products (ETPs) have seen more inflows over the past week than Bitcoin ETPs, marking a first for the year. The crypto market experienced a dip following the announcement of proposed steel and aluminum tariffs by US President Donald Trump. Meanwhile, “Strategy”, previously known as MicroStrategy, hinted at a potential Bitcoin purchase after a week-long hiatus.
According to a report by CoinShares on Feb. 10, Ether ETPs recorded a whopping $793 million of inflows, a 95% increase over Bitcoin ETPs. This surge in Ether ETP activity coincided with ETH’s drop below $2,700 on Feb. 6, triggering substantial “buying-on-weakness”, as noted by CoinShares research director James Butterfill. This marked the first instance in 2025 where Ether ETPs exceeded Bitcoin ETPs in inflows, with similar events taking place in late 2024.
However, Bitcoin remains the overall leader with year-to-date inflows nearing $6 billion, 505% higher than Ether’s YTD total, despite a 19% decrease in Bitcoin ETP inflows over the past week.
The crypto market saw a temporary downfall on Feb. 9 post Trump’s announcement of 25% tariffs on aluminum and steel, which also included a warning about reciprocal tariffs on countries imposing import charges on US goods. Bitcoin (BTC) fell to $94,000 but recovered to over $97,000 within two hours, mirroring the broader market’s resilience.
Similarly, Ether (ETH) fell to a low of $2,537 before climbing back to nearly its pre-announcement level at $2,645. Such market fluctuations are reminiscent of early February when Trump’s proposed tariffs against Canada, Mexico, and China led to both stock and crypto markets crashing, resulting in crypto liquidations of up to $10 billion.
Lastly, Michael Saylor, co-founder of the recently rebranded “Strategy”, hinted at the company’s plans to purchase more Bitcoin, signaling a potential end to their one-week acquisition break. As per SaylorTracker, Strategy holds 471,107 Bitcoin, worth around $44.8 billion, and is experiencing unrealized gains of over $14 billion following a recent dip in BTC prices.
