Crypto exchange-traded funds began February with sharp divergence, as bitcoin and ether products suffered sustained outflows while XRP ETFs quietly attracted fresh capital.
Bitcoin spot ETFs recorded net outflows of about $318 million for the Feb. 2–6 period, with products from BlackRock, Fidelity and Grayscale absorbing heavy redemptions despite a late-week rebound.
Ether spot ETFs also remained under pressure, posting roughly $166 million in weekly outflows as persistent selling in major funds outweighed smaller, short-lived inflows.
XRP spot ETFs stood out as the clear winner, logging around $39 million in net inflows led by products from Franklin and Bitwise after reversing losses from the prior week.
“Extreme daily reversals show a market still searching for conviction,”
Analysts noted, as sharp swings failed to translate into a sustained recovery for bitcoin and ether exposure.
Solana ETFs ended the week modestly negative, with limited inflows unable to offset midweek selling across larger products.
Overall, the uneven flows underscored fragile sentiment in crypto ETFs, with XRP emerging as the rare bright spot in an otherwise unsettled start to February.
At the time of reporting, Bitcoin price was $70,307.78.