Monthly Overview
In February 2026, the net flows into spot crypto ETFs resulted in a decline of -$445.3M. Despite a total inflow of +$671.6M, outflows reached -$1.1B, indicating significant capital movement. Notably, ten assets recorded flows during the month, with BTC, ETH, and SOL being the primary contributors to this activity.
Flows by Asset
ETH
Net: -$369.8M / Inflow: +$129.0M / Outflow: -$498.8M
| Fund | Flow |
|---|---|
| BlackRock | -$408.5M |
| Grayscale ETH | +$111.0M |
| Fidelity | -$69.2M |
| Bitwise | -$17.8M |
| VanEck | +$11.4M |
| 21Shares | +$5.4M |
| Grayscale | -$3.3M |
| Invesco | +$1.2M |
BTC
Net: -$206.6M / Inflow: +$413.0M / Outflow: -$619.6M
| Fund | Flow |
|---|---|
| Fidelity | -$277.6M |
| Grayscale BTC | +$198.3M |
| Grayscale | -$169.9M |
| BlackRock | -$150.4M |
| Bitwise | +$114.4M |
| VanEck | +$69.0M |
| 21Shares | -$17.3M |
| WisdomTree | +$17.3M |
| Invesco | +$13.6M |
| Franklin | -$4.4M |
| Valkyrie | +$0.4M |
SOL
Net: +$60.1M / Inflow: +$65.8M / Outflow: -$5.7M
| Fund | Flow |
|---|---|
| Bitwise | +$55.1M |
| Fidelity | +$10.0M |
| Grayscale | -$4.0M |
| VanEck | -$1.5M |
| Franklin | +$0.7M |
| 21Shares | -$0.2M |
XRP
Net: +$46.5M / Inflow: +$51.8M / Outflow: -$5.3M
| Fund | Flow |
|---|---|
| Bitwise | +$23.2M |
| Franklin | +$22.3M |
| Canary | +$6.3M |
| Grayscale | -$5.1M |
| 21Shares | -$0.2M |
LINK
Net: +$13.2M / Inflow: +$8.2M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Grayscale | +$8.2M |
AVAX
Net: +$7.7M / Inflow: $0.0M / Outflow: $0.0M
No fund-level flows recorded.
HBAR
Net: +$2.9M / Inflow: +$2.9M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Canary | +$2.9M |
SUI
Net: +$0.6M / Inflow: +$0.6M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Grayscale | +$0.6M |
DOGE
Net: +$0.3M / Inflow: +$0.3M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Grayscale | +$0.3M |
LTC
Net: -$0.2M / Inflow: $0.0M / Outflow: -$0.2M
| Fund | Flow |
|---|---|
| Canary | -$0.2M |
Weekly Breakdown
| Week | Net flow |
|---|---|
| Feb 2 – Feb 6 | -$457.6M |
| Feb 9 – Feb 13 | -$500.8M |
| Feb 17 – Feb 20 | -$416.5M |
| Feb 23 – Feb 28 | +$929.5M |
Biggest Fund Moves
Largest inflows
- Grayscale BTC (BTC): +$198.3M
- Bitwise (BTC): +$114.4M
- Grayscale ETH (ETH): +$111.0M
- VanEck (BTC): +$69.0M
- Bitwise (SOL): +$55.1M
Largest outflows
Market Interpretation
Institutional positioning showed a strong pullback, particularly in BTC and ETH, which faced substantial outflows of -$206.6M and -$369.8M respectively. In contrast, SOL and XRP attracted positive flows of +$60.1M and +$46.5M, suggesting a rotation of capital towards these assets. The strongest day on February 25, with a net inflow of +$697.0M, contrasted sharply with the worst day on February 4, which saw outflows of -$625.8M, highlighting volatility in investor sentiment.
Conclusion
The month concluded with a net figure of -$445.3M, reflecting the ongoing adjustments in the crypto ETF landscape. Overall, the outflows were concentrated among a few key assets, while others managed to secure gains.
Flows are net creations minus redemptions, published the next morning (T+1). Text written by AI from computed figures. Market data for informational purposes only. Not investment advice.