TL;DR
- Bitcoin Outflows: Bitcoin ETFs saw $276.3 million in redemptions, with major issuers like IBIT, FBTC, and ARKB all posting significant withdrawals, signaling broad institutional repositioning.
- Ethereum Weakness: Ethereum funds recorded $129.1 million in outflows, led by FETH and ETHA, reflecting cautious sentiment toward ETH exposure during ongoing volatility.
- Altcoin Stability: Solana and XRP ETFs posted $0 in net flows, indicating investors paused activity in these products even as Bitcoin and Ethereum saw heavy selling.
Institutional flows swung sharply negative on February 11 as capital rotated out of Ethereum and Bitcoin ETFs, reversing the brief rebound seen the previous session. The abrupt shift underscored how fragile sentiment remains, with broad-based redemptions across major issuers and a noticeable pause in activity among Solana and XRP products.
Bitcoin ETFs Reverse Course With Heavy Redemptions
Spot Bitcoin ETFs recorded $276.3 million in net outflows on February 11, erasing the $166.5 million inflow from the day before. Withdrawals were spread across leading issuers, signaling a coordinated pullback rather than isolated pressure. BlackRock’s IBIT posted $73.4 million, Fidelity’s FBTC saw $92.6 million, ARK’s ARKB registered $70.5 million, and Bitwise’s BITB recorded $22.0 million. Grayscale’s GBTC also shed $17.9 million. The widespread nature of the redemptions pointed to institutional repositioning amid shifting market conditions.
Ethereum ETFs continued to weaken, posting $129.1 million in net outflows. Fidelity’s FETH led with $67.1 million, followed by BlackRock’s ETHA at $29.4 million. Bitwise’s ETHW saw $16.7 million exit, while Grayscale’s ETHE recorded $11.5 million in redemptions. The synchronized withdrawals across multiple issuers suggested cautious positioning toward ETH exposure as volatility persisted.
Solana and XRP ETFs Activity Stalls After Prior Inflows
Solana ETF flows were flat on February 11, showing $0 in net movement. The pause came after $8.4 million in inflows the previous day across products including BSOL, VSOL, FSOL, TSOL, SOEZ, and GSOL. The lack of activity indicated that investors were neither adding to nor reducing Solana exposure, reflecting a neutral stance during broader market uncertainty.
Spot XRP ETFs also posted $0 in net flows, with products such as XRPC, XRPZ, TOXR, Bitwise XRP ETF, and GXRP showing no activity. The flat reading pointed to a wait-and-see approach among institutional participants. Overall, the contrast between heavy Bitcoin and Ethereum outflows and stability in Solana and XRP funds highlighted selective rotation rather than broad capitulation.
