TL;DR

Bitcoin Outflows: Spot Bitcoin ETFs saw $544.9 million in withdrawals as IBIT, FBTC, and GBTC led redemptions while Bitcoin fell below $71,000.
Ethereum Pressure: Ethereum ETFs posted $79.4 million in outflows, concentrated in BlackRock and Fidelity products amid continued underperformance.
XRP Resilience: XRP ETFs recorded $4.83 million in inflows, contrasting with mixed flows across Bitcoin, Ethereum, and Solana products.

Institutional sentiment across crypto ETFs remained defensive as Bitcoin, Ethereum, and Solana products extended their latest streak of withdrawals while XRP-linked funds again stood out with modest inflows. The uneven activity reflects a market still shaped by risk aversion, even as selective capital rotates toward assets perceived to offer clearer catalysts or regulatory footing.

Bitcoin Outflows Accelerate as Price Slides

Spot Bitcoin ETFs recorded another sharp withdrawal day, with $544.9 million exiting major products as selling pressure intensified. BlackRock’s IBIT led with $373.44 million in redemptions, followed by $86.44 million from Fidelity’s FBTC and $41.77 million from Grayscale’s GBTC. The two-day total reached $816.96 million, coinciding with Bitcoin’s drop below $71,000, its lowest level since October 2024. Despite the pullback, cumulative net inflows since launch remain substantial at $54.75 billion, representing 6.36% of Bitcoin’s market capitalization.

Ethereum ETFs also faced sustained outflows, with $79.4 million leaving U.S. spot products. BlackRock’s iShares Ethereum Trust saw $58.95 million in redemptions, while Fidelity’s FETH shed $20.53 million. Other funds reported no flows, underscoring the narrow concentration of activity. The withdrawals align with Ethereum’s relative underperformance and ongoing uncertainty around staking-related catalysts, which continue to limit institutional appetite.

Solana Products See Limited Movement

Solana ETF flows remained muted, with U.S. spot products posting a net outflow exceeding $6 million. The modest scale of movement suggests reduced selling pressure compared with recent weeks, yet the absence of meaningful inflows highlights persistent caution. Institutional conviction around Solana exposure appears constrained as broader market sentiment stays fragile.

In contrast to the dominant outflow trend, XRP ETFs attracted $4.83 million in net inflows. Franklin Templeton’s XRPZ captured more than half of the total, marking another day of relative resilience. While the inflows remain modest, they highlight selective positioning as investors gravitate toward assets viewed as having differentiated narratives or clearer regulatory trajectories.

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Filed under: News - @ February 5, 2026 11:28 am