Crypto ETFs in Crisis: Bitcoin Bleeds $204M, But Solana Survives!

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Well, folks, it’s official: Bitcoin ETFs are back to their drama-filled, money-leaving ways. On Monday, February 23, a staggering $204 million packed its bags and left Bitcoin ETFs. Ether didn’t escape either, with a modest $49 million following suit. Meanwhile, Solana ETFs decided to keep the party going with some fresh cash and XRP ETFs? Well, they’ve been so quiet, you’d think they’ve gone into hiding.

Bitcoin, Ether Struggle, Solana Is the New Party Animal with $8 Million Inflows

The week kicked off with a bang, and not in a good way. Bitcoin ETFs-after a brief and very brief flirtation with stability-plunged back into the red, with $203.82 million in net outflows. The culprit? None other than Blackrock’s IBIT, which saw a dramatic $116.44 million exit. Maybe they’re just preparing for a big sale on Black Friday, but who knows?

Other major players weren’t spared either. Bitwise’s BITB had to say goodbye to $43.58 million, while Fidelity’s FBTC waved off $27.93 million. Grayscale’s GBTC and ARK & 21Shares’ ARKB also couldn’t avoid the outflow train, with losses of $13.06 million and $9.16 million respectively.

Well, it’s February and Bitcoin ETFs are still busy being… well, Bitcoin ETFs.

However, there was a glimmer of hope in the midst of the madness. Vaneck’s HODL managed to pull in $6.35 million. But really, at this point, it’s like throwing a $20 bill into the ocean-nice, but not exactly enough to fix everything. Overall, trading volume reached $3.35 billion, and net assets in Bitcoin ETFs have plummeted to $80.74 billion. Ouch.

Now, as for the Ether crowd: they weren’t any luckier. Ether ETFs mirrored Bitcoin’s fall from grace with a modest $49.48 million in net outflows. Blackrock’s ETHA led the pack, with $45.38 million exiting stage left. Vaneck’s ETHV lost $2.71 million, and Fidelity’s FETH wasn’t much better, shedding $1.39 million. Meanwhile, trading volume was $724.49 million, with net assets dropping to $10.46 billion. That’s a lot of ‘oops’ for one day.

XRP ETFs? Not a single peep. No trading activity, not even a slight wiggle. But, hey, their net assets did inch down to $974.85 million. Guess that’s something.

Now, let’s talk about Solana. Unlike its moody cousins, Solana ETFs kept their cool and saw $7.99 million in inflows. Bitwise’s BSOL took the lead with $6.25 million, while Fidelity’s FSOL and Grayscale’s GSOL made modest contributions of $919,460 and $810,910, respectively. Trading volume hit $25.17 million, and net assets closed at $689.29 million. Solana, everyone’s new favorite kid on the block.

Bitcoin and Ether ETFs are still in the doghouse, with big redemptions from large-cap funds. Solana is thriving, and XRP? Well, it’s taking a nap. Investors are clearly rethinking their crypto strategies, one ETF at a time.

FAQ📊

  • Why did Bitcoin ETFs record $204 million in outflows on Feb. 23?
    Because Blackrock’s IBIT apparently needed a little space, and Bitwise, Fidelity, Grayscale, and ARK 21Shares decided to join the party.
  • How did Ether ETFs perform compared to Bitcoin ETFs?
    Ether ETFs had a similar fate, with $49.48 million in outflows, led by Blackrock’s ETHA.
  • Which crypto ETF category saw inflows during the session?
    Solana, the shining star, with $7.99 million in inflows. Everyone loves the underdog.
  • Was there any activity in XRP ETFs on Feb. 23?
    Nada. No activity, just a quiet day for XRP ETFs.

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2026-02-24 20:27