According to flow data from CoinShares and Glassnode, Ethereum outflows, XPL inflows, 24-hour crypto flows reflect rotation across funds and exchanges.According to flow data from CoinShares and Glassnode, Ethereum outflows, XPL inflows, 24-hour crypto flows reflect rotation across funds and exchanges.

Ethereum records outflows as XPL draws 24h inflows

2026/02/16 19:20
2 min read
Ethereum records outflows as XPL draws 24h inflows

Key Takeaways:

  • XPL led 24-hour inflows at $53.36 million.
  • Ethereum recorded highest net outflows around $205 million.
  • XPL momentum follows volatile 2025, heavy exchange deposits, post-TGE selloff.

In the past 24 hours, XPL registered the largest net inflows at $53.36 million, while Ethereum (ETH) recorded the highest net outflows at about $205 million. These are single‑day flow figures and can be noisy.

XPL’s momentum comes after a volatile 2025 marked by large exchange deposits near its launch and deep drawdowns. Historical updates cited roughly 600 million XPL moving to exchanges in early October 2025, followed by a post‑TGE sell‑off and a slide toward the $0.18–$0.20 range by late November.

Twenty‑four‑hour crypto flows generally track how much capital or token supply moved into or out of a venue or product in one day. Based on data from Glassnode, exchange flows refer to tokens entering or leaving centralized trading platforms, affecting readily available supply for immediate trading.

Interpretation depends on venue and context. Exchange outflows can align with accumulation and reduced sell‑side inventory, while product‑level redemptions or derisking can coincide with risk‑off sentiment even if outflows are large.

Flows should also be evaluated alongside market structure and access points. According to Coinbase Global, Inc., large platforms provide brokerage liquidity and developer access, intermediating between retail, institutions, and onchain venues.

Methodology differences matter: exchange balances, ETP net subscriptions and redemptions, and fund‑level reports are not interchangeable metrics. Comparing any 24‑hour spike with 7‑ to 30‑day baselines helps filter transient rotations.

“Fund flows reflect net investor demand or redemptions at the product level and are best read alongside price and liquidity conditions,” said CoinShares, in its digital asset fund‑flows methodology.

At the time of this writing, ETH shows a spot price of 1,980.06 with a 14‑day RSI near 33.67. The asset sits below its 50‑ and 200‑day simple moving averages of 2,770.75 and 3,276.74, with 18.57% volatility and 13 green days out of 30. Current sentiment screens as bearish.

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