The week began badly. On February 23, $203.8 million flowed out of Bitcoin ETFs, led by BlackRock’s IBIT with a $116.4 million exit. Over the next three days, sentiment flipped and Bitcoin ETFs posted $1.1 billion in inflows. By week’s end, momentum slowed again as inflows cooled and the market tone turned cautious.
The altcoin ETF market told a very different story. Ethereum ETFs mostly moved in the same unstable pattern as Bitcoin, starting with a sharp $49.5 million outflow on February 23, almost all from ETHA. But that fear didn’t last long; mid-week buyers stepped in, with Fidelity’s FBTC posting $61.9 million in inflows and Grayscale’s ETHE recording a $33.8 million inflow on February 25. This pushed Ethereum ETFs back into positive territory for the week.
However, momentum faded again by February 27, with $43 million flowing out. Just like Bitcoin, Ethereum ended the week showing hesitation rather than confidence.
On the other hand, Solana ETFs told a calmer story. They recorded inflows for five straight days. Daily numbers were smaller, between $0.5 million and $8 million, but they stayed positive throughout the week. On the 25th of February, inflows jumped to $30.9 million, suggesting that larger investors may be slowly building positions.
Not only Solana, but also Ripple ETFs showed resilience. Total inflows crossed $9.5 million for the week. While the numbers weren’t huge, the consistency stood out.
Needless to say, the winners of the past week were Solana SOL and Ripple XRP. Even when Bitcoin ETFs were losing hundreds of millions, these altcoin ETFs stayed positive.
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