U.S. crypto ETFs kicked off February with a decisive return of capital into bitcoin products, while ether and XRP struggled to keep pace. Solana quietly extended its recovery with another day of inflows.
Bitcoin ETFs Roar Into February With $562 Million Inflow
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February Opens With Bitcoin ETF Surge While Ether and XRP Slip
February opened with a sharp change in tone for crypto exchange-traded funds (ETFs), led by a powerful resurgence in bitcoin demand. After a bruising end to January, investors rotated decisively back into BTC exposure, even as flows across other major assets told a more fragmented story.
Bitcoin spot ETFs recorded a robust $561.89 million net inflow, spread across eight funds and marking one of the strongest single-day entries of the year so far. Fidelity’s FBTC led the charge with $153.35 million, closely followed by Blackrock’s IBIT at $141.99 million. Bitwise’s BITB and Grayscale’s Bitcoin Mini Trust added meaningful support with inflows of $96.50 million and $67.24 million, respectively.
Ark & 21Shares’ ARKB brought in $65.07 million, while Vaneck’s HODL added $24.34 million. Smaller but notable contributions came from Invesco’s BTCO ($10.09 million) and WisdomTree’s BTCW ($3.31 million). Trading activity surged alongside the inflows, with total value traded reaching $7.68 billion, while net assets climbed to $100.38 billion.
Solana spot ETFs continued their gradual recovery, posting a $5.58 million net inflow. Bitwise’s BSOL accounted for the majority with $3.44 million, while Fidelity’s FSOL added $2.14 million. Trading volume totaled $51.18 million, and net assets edged higher to $882.94 million, suggesting renewed but still cautious confidence.
Ether spot ETFs finished the day slightly in the red, despite pockets of strength. Fidelity’s FETH attracted $66.62 million, while Vaneck’s ETHV and Bitwise’s ETHW added $7.64 million and $4.99 million, respectively. However, a sizable $82.11 million outflow from Blackrock’s ETHA overwhelmed those gains, resulting in a $2.86 million net outflow overall. Trading volume reached $2.70 billion, with total net assets sliding to $13.69 billion.
Read more: ETF Recap: Crypto ETFs End January in Deep Retreat With $1.8 Billion Exit
XRP spot ETFs also closed marginally lower. Bitwise’s XRP saw a $544.40K inflow, but a $949.09K exit from 21Shares’ TOXR tipped the balance to a $404.69K net outflow. Total value traded stood at $39.39 million, while net assets remained steady at $1.11 billion.
In summary, February began with a decisive vote of confidence in bitcoin, reflected in broad-based inflows and elevated trading activity. Elsewhere, ether and XRP continued to face selective pressure, while solana quietly extended its rebound. The divergence underscored a market still rotating carefully, rather than moving in unison.
FAQ📊
- Why did bitcoin ETFs surge at the start of February?
Investors rotated back into bitcoin after January’s selloff, driving strong inflows across major BTC funds. - How much capital flowed into bitcoin ETFs?
Bitcoin spot ETFs saw about $562 million in net inflows, one of the strongest days this year. - Why did ether and XRP ETFs lag behind?
Large outflows from key funds offset smaller inflows, keeping ether and XRP slightly in the red. - Which altcoin ETFs showed strength?
Solana ETFs extended their recovery with steady inflows, signaling cautious renewed confidence.
