Crypto ETFs Turn Red Again Led by $204 Million Bitcoin Outflow

CN
4 hours ago

The new week opened with a sharp shift in tone. After briefly stabilizing late last week, spot bitcoin exchange-traded funds (ETFs) swung back into negative territory, posting $203.82 million in net outflows. The bulk of the redemptions came from Blackrock’s IBIT, which recorded an exit of $116.44 million.

Selling pressure extended across several other major funds. Bitwise’s BITB lost $43.58 million, Fidelity’s FBTC saw $27.93 million in outflows, Grayscale’s GBTC shed $13.06 million, and ARK & 21Shares’ ARKB declined by $9.16 million.

Crypto ETFs Turn Red Again Led by $204 Million Bitcoin Outflow

Outflows continue to define bitcoin ETFs in February.

One exception stood out. Vaneck’s HODL attracted $6.35 million in inflows, but it was not enough to offset broader weakness. Total trading volume reached $3.35 billion, while aggregate net assets across bitcoin ETFs fell to $80.74 billion.

Ether ETFs mirrored the risk-off sentiment. The category posted $49.48 million in net outflows, led by Blackrock’s ETHA with $45.38 million in redemptions. Vaneck’s ETHV lost $2.71 million, and Fidelity’s FETH declined by $1.39 million. Trading volume came in at $724.49 million, and total net assets dropped to $10.46 billion.

XRP ETFs were inactive during the session. No trading activity was recorded, though net assets edged down to $974.85 million, largely reflecting market movement rather than flows.

Solana ETFs, however, continued to draw steady demand. The segment posted $7.99 million in inflows, led by Bitwise’s BSOL with $6.25 million. Fidelity’s FSOL added $919,460, and Grayscale’s GSOL brought in $810,910. Trading volume totaled $25.17 million, with net assets closing at $689.29 million.

In sum, Monday’s flows signaled renewed caution toward bitcoin and ether exposure, with concentrated redemptions in large-cap products. At the same time, solana ETFs maintained positive momentum, while XRP funds remained on the sidelines as investors selectively repositioned funds into crypto ETFs.

  • Why did bitcoin ETFs record $204 million in outflows on Feb. 23?
    The majority of redemptions were driven by large withdrawals from Blackrock’s IBIT and additional selling across Bitwise, Fidelity, Grayscale, and ARK 21Shares products.
  • How did ether ETFs perform compared to bitcoin ETFs?
    Ether ETFs also saw significant outflows totaling $49.48 million, with Blackrock’s ETHA accounting for most of the withdrawals.
  • Which crypto ETF category saw inflows during the session?
    Solana ETFs posted $7.99 million in net inflows, led by strong demand for Bitwise’s BSOL and supported by Fidelity and Grayscale products.
  • Was there any activity in XRP ETFs on Feb. 23?
    No trading activity was recorded in XRP ETFs, although total net assets adjusted to $974.85 million due to market valuation changes.

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