Bitcoin and Ethereum ETFs Record $253M Outflows as Crypto Flows Diverge

TLDR

• Bitcoin ETFs posted $203.8 million in outflows on Feb. 23 as major issuers saw steady withdrawals.
• Ethereum ETFs recorded $49.5 million in exits, and flows remained weak across leading issuers.
• Solana ETFs attracted $8 million in inflows, which showed selective demand for smaller assets.
• XRP ETFs ended the day unchanged as all products reported flat activity.
• Combined withdrawals from Bitcoin and Ethereum ETFs reached $253 million on the same day.

Crypto ETF flows moved in separate directions on Feb. 23, and the data showed continued weakness across major products as Bitcoin vehicles led withdrawals and Ethereum funds followed with steady exits, and smaller assets drew mixed responses.

Bitcoin ETF Outflows Continue

Market data showed Bitcoin ETFs posting large outflows as trading sessions progressed and liquidity shifted across products. Investors removed $203.8 million from these funds, which pressured daily volumes.

BlackRock’s IBIT saw $116.4 million leave the product, and the day reflected steady withdrawals across several issuers. Fidelity’s FBTC recorded $27.9 million in exits, and Bitwise’s BITB lost $43.6 million in flow activity.

ARK’s ARKB registered $9.2 million in redemptions as trading slowed, and Grayscale’s GBTC posted $13.1 million in withdrawals. Other issuers reported flat movements, and no strong inflows appeared.

Analysts stated that “flows tracked risk-off positioning,” and trading desks monitored the uneven movement. Liquidity stayed steady across execution venues, and price action kept shifting.

Institutional desks watched broader market pressures as Bitcoin flows moved lower throughout the session. The day ended with no reversal, and trading closed with weaker sentiment.

Ethereum ETFs Show Persistent Redemptions

Spot Ethereum ETFs recorded $49.5 million in exits as trading moved through the session. Flow data reflected lower activity across major issuers.

BlackRock’s ETHA posted $45.4 million in outflows, and volumes stayed controlled across the book. Fidelity’s FETH saw $1.4 million exit, and VanEck’s ETHV recorded $2.7 million in withdrawals.

Other issuers held steady, and price moves did not shift institutional behavior. Trading reports noted slower rotations, and intraday trends stayed narrow.

Market desks cited “routine rebalancing flows,” and participants watched spreads tighten through the day. Ether markets stayed stable, and ETF flows did not move higher.

The session closed with flat sentiment as Ethereum ETFs extended their streak of measured exits. No late rebound appeared, and positions remained unchanged.

Solana and XRP ETF Flows Hold Mixed Results

Solana ETFs brought in $8 million in inflows as traders allocated to smaller assets. Activity stayed modest across the group.

Bitwise’s BSOL gained $6.3 million during the session, and Fidelity’s FSOL added $0.9 million. Grayscale’s GSOL captured $0.8 million, and other products were flat.

XRP ETFs recorded no net changes as all issuers ended the day stable. Flow data showed neutral behavior.

Products from Canary, Franklin, Bitwise, and Grayscale held at unchanged levels throughout the session. Platforms reported quiet demand.

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