Bitcoin ETFs See $318M Weekly Outflows as XRP Bucks the Trend

Key Insights:

• Bitcoin ETFs saw major outflows last week following major crypto market correction and over $200 billion market cap drop.
• Bitcoin fell sharply, and total ETP AUM dropped to $129.8 billion, yet trading volumes hit a record $63.1 billion.
• XRP ETFs recorded roughly $39–$45M in net inflows, making XRP the clear institutional outlier during the downturn.

Ripple’s native crypto, XRP, remains strong despite massive outflows from spot Bitcoin ETFs last week. From Feb. 2 to Feb. 6, spot BTC ETFs recorded net outflows of $318 million. On the other hand, XRP ETFs saw net inflows of $39.04 million. Investors are witnessing a strong shift in the pattern, with XRP clearly dominating giants like BTC and ETH over the past few weeks.

Bitcoin ETFs Continue to Bleed

Bitcoin price witnessed a massive selloff, crashing to $62,000 last week. Although BTC price has recovered since then, this volatility has led to major outflows from spot Bitcoin ETFs. All U.S. ETFs posted net outflows of over $318 million.

During the past week, the total volume registered by all U.S. ETFs was $ 4.2 billion. This also marks the largest weekly turnover since their launch.

Flows across major issuers were mixed. Bitwise posted net inflows of $86.2 million, while BlackRock saw $128.7 million in net outflows. Fidelity recorded $166.7 million in outflows, and Grayscale posted the largest net outflows at $173.8 million.

Since October 2025, the cumulative flows for all ETFs combined have fallen by over $6 billion, according to Farside Investors. It shows that the overall sentiment among institutional players is waning significantly.

Despite Bitcoin’s roughly 50% decline, investors in BlackRock’s spot Bitcoin ETF, IBIT, showed little reaction. According to on-chain data, IBIT holdings over the past quarter are down by only 1%.

The muted change suggests that IBIT’s largely long-term investor base has remained steady through the downturn. It shows resilience among big players.

Bitcoin ETFs Drag Total AUM Down

In their latest blog post, CoinShares analyst mentioned that in past cycles, a slowdown in outflows has often preceded market inflection points. The recent drop suggests the market may be approaching a potential bottom.

The latest market correction drove total assets under management (AuM) down to $129.8 billion. As per CoinShares, this is the lowest since the U.S. tariff and U.S. cement in March 2025. Despite the decline in AuM, trading activity surged.

Exchange-traded product (ETP) volumes climbed to a record $63.1 billion for the week. Thus, they have even surpassed the $56 billion in trading volume registered in October 2025.

XRP ETFs Steal the Limelight

As shown in the image above, XRP investment products are dominating BTC and ETH. As per the above CoinShares data, the year-to-date inflows of Bitcoin and Ethereum ETPs surged to more than $1.3 billion. On the other hand, spot XRP ETFs have recorded net inflows of over $100 million.

The crypto market endured heavy losses during the week, with Feb. 5 marking the worst session. Total market capitalization fell by roughly $310 billion that day. Despite being among the hardest-hit assets during the downturn, XRP continued to see steady institutional inflows.

In total, XRP ETFs recorded $44.96 million in net inflows, marking their first positive weekly performance in three weeks. On-chain data shows that a majority of last week’s inflows came from the Franklin XRP ETF and the Bitwise XRP ETF. Together, these two ETFs accounted for 90% of the net inflows, totalling $40.5 million.

In contrast, ETFs linked to other major cryptocurrencies continued to face selling pressure. Bitcoin ETFs recorded $358 million in net outflows last week, and Ethereum ETFs saw $170.4 million exit. Similarly, Solana ETFs faced net outflows of $9.3 million.

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