Weekly Overview
During the week of February 16–20, 2026, net flows into spot crypto ETFs totaled -$416.4M, indicating significant outflows across the majority of tracked assets. Notably, BTC and ETH experienced the largest withdrawals, while SOL, AVAX, LINK, XRP, and HBAR saw positive inflows.
Flows by Asset
BTC
Net: -$315.9M / Inflow: +$36.0M / Outflow: -$351.9M
| Fund | Flow |
|---|---|
| BlackRock | -$303.5M |
| Grayscale BTC | +$36.0M |
| Fidelity | -$19.6M |
| Bitwise | -$10.3M |
| Grayscale | -$8.5M |
| 21Shares | -$8.3M |
| Valkyrie | -$1.7M |
ETH
Net: -$123.3M / Inflow: +$0.7M / Outflow: -$124.0M
| Fund | Flow |
|---|---|
| BlackRock | -$102.0M |
| Fidelity | -$7.9M |
| Grayscale ETH | -$7.1M |
| Invesco | -$3.7M |
| Bitwise | -$3.3M |
| 21Shares | +$0.7M |
SOL
Net: +$13.9M / Inflow: +$13.9M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Bitwise | +$11.7M |
| Fidelity | +$1.5M |
| Franklin | +$0.7M |
AVAX
Net: +$4.3M / Inflow: $0.0M / Outflow: $0.0M
No fund-level flows recorded.
LINK
Net: +$2.3M / Inflow: +$1.1M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Grayscale | +$1.1M |
XRP
Net: +$1.4M / Inflow: +$2.9M / Outflow: -$1.5M
| Fund | Flow |
|---|---|
| Bitwise | +$1.8M |
| Grayscale | -$1.5M |
| Franklin | +$1.1M |
HBAR
Net: +$0.9M / Inflow: +$0.9M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Canary | +$0.9M |
Daily Breakdown
| Date | Net flow |
|---|---|
| Feb 17 | -$49.2M |
| Feb 18 | -$173.2M |
| Feb 19 | -$285.9M |
| Feb 20 | +$91.8M |
Biggest Fund Moves
Largest inflows
- Grayscale BTC (BTC): +$36.0M
- Bitwise (SOL): +$11.7M
- Bitwise (XRP): +$1.8M
- Fidelity (SOL): +$1.5M
- Grayscale (LINK): +$1.1M
Largest outflows
- BlackRock (BTC): -$303.5M
- BlackRock (ETH): -$102.0M
- Fidelity (BTC): -$19.6M
- Bitwise (BTC): -$10.3M
- Grayscale (BTC): -$8.5M
Market Interpretation
Institutional investors primarily withdrew capital from BTC and ETH, with BlackRock being a major contributor to the outflows, particularly from BTC and ETH. Conversely, SOL showed strong inflows, especially from funds like Bitwise and Fidelity, suggesting a rotation of capital towards this asset. The sharp outflow of -$285.9M on February 19 indicates a bearish sentiment, but the recovery and inflow of +$91.8M on February 20 may reflect a slight rebound in interest.
Conclusion
Overall, the week concluded with a net flow of -$416.4M, highlighting a challenging environment for many assets. However, some assets like SOL and AVAX demonstrated resilience amid the broader trend.
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.