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
| Week | Net 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
- 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
- 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.