U.S. Spot Crypto ETFs Record $404M Outflow as Bitcoin and Ethereum Lead Selling

The latest U.S. spot crypto ETF flow data for February 11, 2026, shows a sharp reversal in capital direction, with total net outflows reaching approximately $404.55 million.

The selling pressure was concentrated in Bitcoin and Ethereum products, while select altcoin ETFs recorded modest inflows.

The data reflects a session dominated by institutional de-risking rather than broad-based rotation.

Bitcoin ETFs Sell 4,020 BTC in Single Session

U.S. spot Bitcoin ETFs recorded a net outflow of 4,020 BTC, equivalent to approximately $276.30 million. Notably, this volume represents roughly nine days of mined Bitcoin supply sold in a single trading session.

Such concentrated ETF outflows can amplify short-term supply pressure, particularly when they coincide with broader market volatility.

Ethereum Sees $129M Exit as Solana and AVAX Post Inflows

Ethereum spot ETFs registered a net outflow of 63,860 ETH, totaling approximately $129.18 million. The magnitude confirms continued weakness in institutional demand for ETH exposure during the session.

In contrast:

• Solana ETFs recorded inflows of 6,020 SOL (approximately $478,900).
• AVAX ETFs posted inflows of 51,600 AVAX (approximately $447,410).

Flows for XRP, LINK, DOGE, LTC, and HBAR were flat.

While positive, the inflows into SOL and AVAX were marginal compared to the scale of Bitcoin and Ethereum selling.

Structural Interpretation

The combined $404.55 million net outflow indicates risk reduction across major crypto ETF products. Bitcoin bore the majority of the pressure, suggesting institutional positioning adjustments rather than isolated asset-specific weakness.

When ETF redemptions approach multi-day mining supply equivalents, the mechanical selling can intensify short-term volatility. The absence of meaningful offsetting inflows into large-cap alternatives reinforces the defensive tone.

For now, ETF flow data points to institutional caution rather than renewed accumulation, with Bitcoin and Ethereum absorbing the bulk of capital withdrawals in this session.

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