TL;DR
- Bitcoin drops 25% month-to-month to $69,000 as crypto ETFs face $5.8 billion in outflows.
- BlackRock’s IBIT loses $2.8 billion within the quarter, contrasting with $21 billion prior inflows.
- Matt Hougan notes monetary advisors maintain positions; promoting comes from hedge funds.
Bitcoin information a decline exceeding 25% over the past month, whereas cryptocurrency exchange-traded funds (ETFs) expertise huge institutional capital outflows. The present value hovers round $69,000, nicely under the all-time excessive of $126,000 reached final October.
BlackRock’s iShares Bitcoin Belief (IBIT) amassed internet outflows of roughly $2.8 billion over the past quarter. Nonetheless, the determine contrasts with almost $21 billion in internet inflows recorded throughout the earlier yr. Spot ETFs as a complete mirror the identical pattern, with exits close to $5.8 billion over three months.
Matt Hougan, Chief Funding Officer at Bitwise Asset Administration, notes the promoting stress comes primarily from short-term merchants and hedge funds. The chief states monetary advisors keep their positions regardless of market volatility.
Amberdata knowledge reveals amassed flows in 2026 entered destructive territory for the primary time since product launch. In early February, crypto merchandise registered a internet outflow of $1.7 billion, signaling a pause within the fixed accumulation regime.
Week of February 9-13 Marks Asset Divergence
The second full week of February introduced divided efficiency amongst completely different cryptocurrency ETFs. Spot Bitcoin ETFs closed with internet outflows of $359.91 million, whereas Ethereum misplaced $161.15 million.
BlackRock IBIT endured sustained stress all through the week. The fund registered $20.85 million in outflows on Monday, February 9, adopted by $73.41 million on Wednesday, $157.56 million on Thursday, and one other $9.36 million on Friday. A $26.53 million influx on Tuesday barely offset losses, leaving a destructive steadiness of roughly $234 million weekly.
Constancy FBTC swung sharply, beginning with $3.08 million influx earlier than shedding $92.60 million and $104.13 million midweek. Friday recovered $11.99 million, however ended with $124 million internet loss. Grayscale GBTC closed with $77 million destructive, whereas Ark and 21Shares’ ARKB misplaced almost $19 million.
Feb 16 Replace:#Bitcoin ETFs:
1D NetFlow: -1,444 $BTC(-$98.86M)🔴
7D NetFlow: -5,555 $BTC(-$380.44M)🔴#Ethereum ETFs:
1D NetFlow: -22,492 $ETH(-$44.42M)🔴
7D NetFlow: -91,151 $ETH(-$180.02M)🔴#Solana ETFs:
1D NetFlow: +27,729 $SOL(+$2.34M)🟢
7D NetFlow: +148,057… pic.twitter.com/K6h747Gg6L— Lookonchain (@lookonchain) February 16, 2026
On February 16, knowledge confirmed outflows of 1,444 BTC equal to $98.86 million and 22,492 ETH valued at $44.42 million in a single day. In distinction, Solana registered inflows of 27,729 SOL or $2.34 million every day and 148,057 SOL or $12.51 million over seven days.
The divergence displays institutional rotation from established property like Bitcoin and Ethereum towards altcoins. Solana attracts institutional capital due to its scalability and adoption in decentralized finance.
BlackRock’s ETHA led Ethereum losses with cumulative redemptions exceeding $112 million, whereas Constancy’s FETH shed roughly $40 million throughout a number of periods. Grayscale’s Ether Mini Belief noticed inflows of $49.90 million, offering restricted offset.
Whole holdings stand at 1.26 million BTC, 5.71 million ETH, and 8.72 million SOL, highlighting Solana ETF maturity with Bitwise main inflows.
