Key Highlights
- Bitcoin ETFs led withdrawals on February 18 with $133M outflows, yet total inflows remain strong at $54B, showing cautious investor behavior.
- Ethereum ETFs lost $41.8M in a day, but $11.65B cumulative inflows signal long-term investor confidence despite short-term dips.
- Solana ETFs saw $2.4M inflows as investors use price drops to build positions, while new SUI ETFs offer exposure with staking rewards.
U.S. crypto exchange-traded funds (ETFs) saw a rough day on February 18, with investors withdrawing $170 million from major funds, showing short-term caution. Bitcoin ETFs led the way, losing $133 million in outflows, though total inflows remain strong at $54.09 billion, according to SoSoValue.
As per data by SoSoValue, investors moved $2.76 billion through Bitcoin ETFs on the day, with total assets across these funds reaching $83.63 billion, about 6% of Bitcoin’s market value. BlackRock’s Bitcoin fund (IBIT) stayed in the lead, holding $50.29 billion even after $84.19 million left, causing only a small 2.2% drop in value.
Fidelity’s BTC fund (FBTC) held $12.39 billion but saw $49.07 million withdrawn, down 2.25%. Grayscale’s GBTC has seen $25.96 billion leave over time, yet its daily inflows kept its total assets steady at $10.31 billion.
Ethereum ETFs also faced some withdrawals, with investors pulling $41.83 million in a single day. Still, long-term interest remains strong, with cumulative inflows totaling $11.65 billion. NASDAQ’s iShares Ethereum Trust ETF (ETHA) led the pack with $6.23 billion in assets, though it dropped $29.93 million during the day.
NYSE’s Grayscale Ethereum Trust (ETHE) saw the biggest overall decline, down $5.19 billion, while other products, including NYSE ETH, managed small gains. Trading activity across Ethereum ETFs reached $892.43 million, and total assets account for about 4.75% of Ethereum’s market value. Daily prices fell roughly 2.7–2.8%, pointing to short-term market swings rather than a deeper problem.
XRP and Solana show divergent flows
XRP ETFs experienced a small outflow of $2.21 million, although total inflows continue to be strong at $1.23 billion. On the NASDAQ market, XRPC led with assets of $272.94 million, followed closely by NYSE-listed XRP and XRPZ. Prices fell in the range of 4.2% to 4.6%, indicating that investors are being cautious. Grayscale’s GXRP experienced the only net outflow.
However, Solana moved in the opposite direction. Solana-focused U.S. ETFs attracted $2.4 million in new inflows, bringing cumulative investments close to $880 million. Total assets across these funds reached $697 million, about 1.5% of Solana’s market value.
Bitwise’s Solana fund led both in assets and daily inflows, with Fidelity’s product adding additional gains. Even though prices dropped roughly 4%, investors seemed to use the dip as a chance to build long-term positions rather than sell.
New ETF launches target emerging layer-1 tokens
Meanwhile, Canary Capital launched a U.S.-listed spot ETF for SUI, the native token of the Sui blockchain. The Canary Staked SUI ETF (ticker: SUIS) tracks SUI’s price and adds staking rewards, so investors can earn from both price gains and staking at the same time.
“The Canary Staked SUI spot ETF (SUIS) brings exposure to SUI in a registered, exchange-traded structure, while also enabling investors to benefit from net staking rewards,” said CEO Steven McClurg.
On the same day, Grayscale introduced a similar SUI staking ETF (GSUI) on NYSE Arca. These funds give investors safe access to emerging blockchain technology without having to manage private keys themselves.
Also Read: US Fed Injects $18.5B Into Banking System: What It Means For Crypto?
