Crypto ETF Redemptions Deepen With $165 Million Pulled From Bitcoin Funds
U.S.-listed cryptocurrency exchange-traded funds extended their pullback on Feb. 19, with Bitcoin and Ethereum products posting sizable net redemptions even as Solana and XRP funds attracted selective inflows.
Key Takeaways:
- Bitcoin ETFs recorded roughly $165.8 million in net outflows.
- Ethereum ETFs saw about $130.1 million in redemptions.
- Solana ETFs posted $6.0 million in net inflows.
- XRP ETFs attracted approximately $4.05 million in fresh capital.
The divergence in flows highlights a market still rotating capital cautiously, with investors trimming exposure to the largest digital assets while selectively adding to alternative tokens.
Bitcoin – Institutional Selling Persists
Bitcoin ETFs logged approximately $165.8 million in net outflows on Feb. 19, driven primarily by a $164.1 million redemption from BlackRock’s IBIT. Smaller outflows were recorded elsewhere, while most other issuers remained flat.
The continued withdrawals suggest institutional investors remain cautious despite periods of price stabilization. Persistent redemptions from flagship products underscore waning short-term conviction, particularly as Bitcoin struggles to regain upside momentum after recent volatility.
Ethereum – Broad-Based Redemptions
Ethereum ETFs experienced net outflows of about $130.1 million. BlackRock’s ETHA led the decline with roughly $96.8 million in redemptions, followed by Fidelity’s FETH and Grayscale-linked products.
The scale of selling indicates broader risk reduction across Ethereum exposure. Compared with prior sessions that showed tentative inflows, the renewed redemptions point to fading confidence in a near-term breakout.
Solana – Selective Inflows Continue
In contrast, Solana ETFs recorded net inflows totaling approximately $6.0 million. Bitwise’s BSOL contributed the bulk of the gains, with smaller allocations across other issuers.
While modest relative to Bitcoin and Ethereum flows, the inflows suggest investors are seeking selective exposure to alternative layer-1 networks. The resilience of Solana-focused funds may reflect expectations of relative outperformance during broader market consolidation.
XRP – Net Positive on Institutional Interest
XRP ETFs saw net inflows of about $4.05 million, led by Franklin’s XRPZ and Bitwise’s product. Grayscale’s vehicle remained flat on the day.
The positive flows stand in contrast to broader market redemptions, indicating targeted institutional positioning. XRP-related products appear to be benefiting from renewed policy engagement and legislative momentum surrounding crypto regulation in the U.S.
Overall, Feb. 19 marked another day of heavy redemptions for the largest crypto ETFs, particularly Bitcoin and Ethereum. However, steady inflows into Solana and XRP products highlight a rotation rather than a full-scale retreat. As macro conditions and regulatory developments remain in focus, ETF flows continue to serve as a real-time gauge of institutional sentiment across the digital-asset spectrum.
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Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
