Mixed Start for ETFs as Ether Gains $49 Million While Bitcoin Sheds $105 Million

Bitcoin Funds Slide While Ether and Solana See Fresh Inflows

A split screen defined Tuesday, Feb. 17’s crypto exchange-traded fund (ETF) session. Bitcoin funds stumbled under heavy redemptions, while ether quietly attracted steady demand.

Spot bitcoin ETFs posted a combined net outflow of $104.87 million. The bulk of that came from Blackrock’s IBIT, which saw a sizable $119.68 million exit. Additional pressure came from Bitwise’s BITB with $10.29 million in outflows, Grayscale Investments’s GBTC at $8.45 million, and ARK Invest & 21Shares’ ARKB, which shed $8.31 million.

There were pockets of strength. Grayscale’s Bitcoin Mini Trust pulled in $35.97 million, while Fidelity’s FBTC added $5.89 million. Still, it wasn’t enough to offset the broader selling. Total trading volume reached $3.05 billion, and total net assets across bitcoin ETFs closed at $85.52 billion.

Ether ETFs told a different story. The group logged $48.63 million in net inflows, signaling continued institutional appetite. Blackrock’s ETHA led with $22.89 million, followed by Fidelity’s FETH at $14.41 million, and Grayscale’s Ether Mini Trust with $11.32 million. Trading activity hit $848.60 million, and net assets finished the day at $11.47 billion.

Solana funds posted modest but notable gains. Spot solana ETFs saw $2.19 million in inflows, driven by Bitwise’s BSOL at $1.70 million and Fidelity’s FSOL with $498,470. Trading volume stood at $24.22 million, with total assets ending at $726.23 million.

XRP ETFs were quiet. No trading activity was recorded across the segment.

In short, Tuesday reflected a rotation rather than a retreat. Capital flowed out of bitcoin funds, concentrated in a few large vehicles, while ether and solana funds attracted steady allocations. XRP remained on the sidelines, and overall trading volumes suggested investors are still actively positioning within the crypto ETF market.

FAQ 📊

• Why did bitcoin ETFs see $105 million in outflows?
  The outflows were largely driven by significant redemptions from Blackrock’s IBIT, alongside smaller exits from Bitwise, Grayscale, and ARK Invest products, outweighing inflows into select bitcoin funds.
• Which ether ETFs attracted the most inflows?
  Blackrock’s ETHA led ether ETF inflows, followed by Fidelity’s FETH and Grayscale’s Ether Mini Trust, contributing to nearly $49 million in net positive flows.
• Did solana and XRP ETFs record activity?
  Solana ETFs posted modest inflows totaling $2.19 million, while XRP ETFs recorded no trading activity during the session.
• What were the total assets and trading volumes for crypto ETFs?
  Bitcoin ETFs traded $3.05 billion with $85.52 billion in assets, ether ETFs traded $848.60 million with $11.47 billion in assets, and solana ETFs saw $24.22 million in volume with $726.23 million in net assets.