
Institutional withdrawals exceeded $177M across Bitcoin, Ethereum, and XRP ETFs in a single day, while modest Solana inflows suggest selective crypto rotation amid macroeconomic uncertainty.
On February 18, U.S.-listed spot Bitcoin ETFs saw net outflows of $133.3 million, led by BlackRock’s IBIT losing $84.2 million and Fidelity’s FBTC shedding $49 million, bringing total bitcoin ETF assets to $83.6 billion or 6.3% of bitcoin’s market cap. Ethereum spot ETFs recorded $41.8 million in withdrawals, with BlackRock’s ETHA down nearly $30 million, leaving total assets at $11.1 billion or 4.8% of ETH’s market value. XRP ETFs posted $2.2 million in daily outflows, maintaining just over $1 billion in total assets, about 1.2% of XRP’s market cap. In contrast, Solana spot ETFs saw $2.4 million in inflows, led by Bitwise’s BSOL with $1.5 million, pushing cumulative SOL inflows to nearly $880 million. The data indicates institutions are rotating between crypto assets rather than exiting altogether, with macro uncertainty influencing allocation choices.