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Net flow Wed 21 Oct:+$556.5MCumulative:+$75.3BNAV:$129.6BCEFI:60 · GreedFunds:58Assets:16
data for Wed 21 Oct · published Thu 22 Oct 05:48 UTC · T+1
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Monthlydata for Sat 1 Feb – Fri 28 Feb · published Sat 1 Mar 06:30 UTC · By CryptoETF

Crypto ETF Month — February 2025: net -$3.5B

February 2025 experienced a net outflow of -$3.5B in spot crypto ETFs, with Bitcoin facing significant withdrawals while Ethereum saw positive inflows.

Net flow, all assetsOutflow−$3.50Bdata for Sat 1 Feb – Fri 28 Feb

Moved most:Bitcoin-$3.6BEthereum+$60.0M

Contents · 8 sections
  1. TL;DR
  2. Net flows by day
  3. Flows by asset and fund
  4. Monthly Overview
  5. Weekly Breakdown
  6. Biggest Fund Moves
  7. Market Interpretation
  8. Conclusion
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Net flows by day

DateNet flow
Mon 3 Feb−$150.8M
Tue 4 Feb+$648.5M
Wed 5 Feb+$84.5M
Thu 6 Feb−$129.5M
Fri 7 Feb+$171.3M
Mon 10 Feb−$208.8M
Tue 11 Feb−$44.1M
Wed 12 Feb−$291.9M
Thu 13 Feb−$145.0M
Fri 14 Feb+$77.9M
Tue 18 Feb−$56.1M
Wed 19 Feb−$52.2M
Thu 20 Feb−$377.9M
Fri 21 Feb−$71.8M
Mon 24 Feb−$643.9M
Tue 25 Feb−$1.16B
Wed 26 Feb−$852.1M
Thu 27 Feb−$347.1M
Fri 28 Feb+$52.4M
Total Net Flow−$3.50B

Flows by Asset

Sat 1 Feb – Fri 28 Feb · as published in this issue

Flows dashboard

Largest inflows

BlackRock (ETH)+$137.2M
Fidelity (ETH)+$72.8M
Grayscale ETH (ETH)+$11.0M
21Shares (ETH)+$5.2M

Largest outflows

Fidelity (BTC)-$1.2B
BlackRock (BTC)-$775.8M
Grayscale (BTC)-$404.3M
Asset / fundNet flow
Bitcoin BTCinflows $0.0M · outflows -$3.6B-$3.6B
Fidelity FBTC-$1.2B
BlackRock IBIT-$775.8M
Grayscale GBTC-$404.3M
21Shares ARKB-$221.1M
Bitwise BITB-$217.0M
Grayscale BTC-$181.0M
Invesco BTCO-$151.8M
Valkyrie BRRR-$130.7M
Franklin EZBC-$124.6M
WisdomTree BTCW-$90.8M
VanEck HODL-$29.2M
Ethereum ETHinflows +$226.2M · outflows -$166.2M+$60.0M
Grayscale ETHE-$140.7M
BlackRock+$137.2M
Fidelity FETH+$72.8M
Bitwise ETHW-$25.5M
Grayscale ETH+$11.0M
21Shares TETH+$5.2M

Fund names and figures as published in this issue.

Monthly Overview

February 2025 saw a net outflow of -$3.5B from spot crypto ETFs, driven predominantly by Bitcoin. Only Ethereum recorded positive flows, highlighting a stark contrast in institutional investment activity across these assets.

Weekly Breakdown

WeekNet flow
Feb 3 – Feb 7+$624.0M
Feb 10 – Feb 14-$611.9M
Feb 18 – Feb 21-$558.0M
Feb 24 – Feb 28-$3.0B

Biggest Fund Moves

Largest inflows

Largest outflows

  • Fidelity (BTC): -$1.2B
  • BlackRock (BTC): -$775.8M
  • Grayscale (BTC): -$404.3M
  • 21Shares (BTC): -$221.1M
  • Bitwise (BTC): -$217.0M

Market Interpretation

Institutional positioning reflected a significant withdrawal from Bitcoin, particularly with Fidelity leading the outflows at -$1.2B. In contrast, Ethereum attracted inflows mainly from BlackRock and Fidelity, indicating a selective interest in this asset. The best day for net flows was February 4, with +$648.5M, while the worst day on February 25 saw a heavy drop of -$1.2B, suggesting a volatile market sentiment.

Conclusion

The month concluded with a total net figure of -$3.5B, emphasizing the challenges faced by Bitcoin. Meanwhile, Ethereum's positive inflows signal a potential shift in investor focus.

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.

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Crypto ETF flows by asset, Sat 1 Feb – Fri 28 Feb

Flows dashboard