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Bitcoin, Ether ETFs Extend Outflows as Solana Attracts Cash

Large BlackRock transfers to Coinbase Prime tied to ETF mechanics underscore a rotation within crypto allocations, not a blanket institutional exit.

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BlackRock moves $270M in Bitcoin, Ether to Coinbase as weekly outflows spike
Bitcoin etfs lose $166 million in third straight day of outflows

Overview

  • Spot Bitcoin ETFs logged $165.8 million in net outflows on Feb. 19, led by a $164.1 million redemption from BlackRock’s IBIT.
  • Ethereum funds saw $130.1 million in redemptions the same day, with BlackRock’s ETHA accounting for about $96.8 million.
  • Five-week withdrawals from U.S. Bitcoin ETFs are now just under $4 billion, extending a multiweek losing streak, according to SoSoValue data reported by Decrypt.
  • Contrasting the pullbacks, Solana ETFs recorded $6.0 million in net inflows and XRP products gained $4.05 million, signaling selective reallocation within crypto.
  • Arkham Intelligence tracked BlackRock moving 2,563 BTC and 49,852 ETH to Coinbase Prime, activity reported as related to ETF share creation and redemption processes rather than automatic selling.