U.S.-listed spot crypto exchange-traded funds (ETFs) registered widespread outflows, with Bitcoin and Ethereum products leading the declines. In contrast, Solana-focused products drew in new inflows — indicating some institutional investors are reallocating their crypto exposure rather than fully exiting the crypto markets.
Spot BTC, ETH, XRP ETF Flows Under Pressure
Spot Bitcoin ETFs continued to see outflows on Wednesday amid lingering negative market sentiment, with BTC struggling to reclaim the $70,000 threshold.
Spot BTC ETFs posted $133 million in net outflows on Feb.18, pushing weekly losses to $237 million, according to data compiled by SoSoValue. BlackRock’s industry-leading iShares Bitcoin Trust (IBIT) bore the brunt of the redemptions, with more than $84 million withdrawn. Fidelity’s FBTC followed closely with $49 million exiting the fund.
If outflows persist through Thursday and Friday, this week could mark Bitcoin ETFs’ first five-week straight outflow streak since March of last year. Year-to-date, Bitcoin funds have experienced roughly $2.5 billion in outflows, bringing total assets under management to $83.6 billion — approximately 6.3% of BTC’s market cap.
Ethereum ETFs mirrored the trend, with U.S. ETH spot funds losing $41.8 million in investor cash for the day. BlackRock’s ETHA led the declines, shedding nearly $30 million. The nine spot Ether funds now stand at $11 billion, or 4.8% of ETH’s market capitalization. Ether is trading hands at $1,962, remaining below the $2,000 level after two straight weeks of substantial outflows, as the broader crypto market continues to search for a clear direction.
XRP ETFs also fell into the red, recording $2 million in net outflows on Wednesday. Total assets across XRP funds now exceed $1 billion, which is equivalent to about 1.2% of the token’s market capitalization.
Solana ETFs Defy Outflow Trend
In sharp contrast to their BTC, Ether, and XRP counterparts, U.S. Solana (SOL) ETFs continued to buck the trend. The SOL funds drew in $2.4 million, continuing their six-day inflow streak, underscoring persistent institutional demand even as the token’s spot price weakened. Bitwise’s BSOL led the gains, attracting $1.5 million in new capital.
Since debuting in October 2025, U.S. spot Solana ETFs have amassed close to $700 million in assets under management.
