TL;DR
- Bitcoin Outflows: Bitcoin ETFs lost about $165.8 million, driven by a major $164.1 million IBIT redemption, signaling continued institutional caution and weakening short‑term conviction.
- Ethereum Redemptions: Ethereum products shed roughly $130.1 million, led by significant withdrawals from ETHA and additional selling across FETH and Grayscale-linked funds.
- Altcoin Inflows: Solana ETFs gained around $6.0 million, and XRP products added about $4.05 million, reflecting selective investor rotation toward alternative networks and targeted positioning amid shifting regulatory momentum.
U.S. crypto ETFs saw another uneven session on Feb. 19, with Bitcoin and Ethereum products absorbing heavy redemptions while Solana and XRP funds attracted selective inflows. The split in flows reflected a market still rotating capital cautiously, as investors trimmed exposure to the largest digital assets and redirected modest allocations toward alternative networks showing relative resilience.
Bitcoin Redemptions Deepen
Bitcoin ETFs posted roughly $165.8 million in net outflows, driven by a $164.1 million withdrawal from BlackRock’s IBIT. Smaller redemptions across other issuers added to the total, reinforcing a pattern of persistent selling pressure. The continued exits signaled that institutional participants remain wary despite periods of price stability. With Bitcoin struggling to regain upward momentum after recent volatility, the sustained withdrawals suggested fading short‑term conviction among investors who had previously leaned on flagship products for directional exposure.
Ethereum Products Face Broad Selling
Ethereum ETFs recorded about $130.1 million in net outflows, marking another session of risk reduction across the asset’s institutional channels. BlackRock’s ETHA led the decline with approximately $96.8 million in redemptions, followed by withdrawals from Fidelity’s FETH and Grayscale-linked funds. The scale of selling contrasted with earlier sessions that had shown tentative inflows, indicating that confidence in a near‑term breakout has weakened. The renewed pressure highlighted a broader retreat from Ethereum exposure during a period of uncertain market direction.
Solana Funds Attract Selective Inflows
Solana ETFs bucked the broader trend, securing around $6.0 million in net inflows. Bitwise’s BSOL accounted for most of the additions, with smaller contributions from other issuers. While modest compared with Bitcoin and Ethereum flows, the positive movement suggested investors are selectively positioning in alternative layer‑1 networks. The resilience of Solana-focused products pointed to expectations of relative strength during ongoing market consolidation.
XRP Products See Targeted Allocations
XRP ETFs added roughly $4.05 million, led by Franklin’s XRPZ and Bitwise’s offering, while Grayscale’s product remained flat. The inflows stood out against the day’s broader redemptions, reflecting targeted institutional interest. Market participants appeared to be responding to renewed policy engagement and legislative momentum surrounding U.S. crypto regulation, supporting steady demand for XRP-linked exposure.
