After several days of consistent redemptions, U.S. spot Bitcoin exchange-traded funds (ETFs) successfully reversed their downward trend. On Friday, Feb. 20, the sector recorded a net inflow of $88.04 million, signaling a cautious return of investor confidence.
Bitcoin Leading the Charge
The recovery was primarily driven by two major players:
BlackRock’s IBIT: Led the pack with $64.46 million in new capital.
Fidelity’s FBTC: Followed with $23.59 million in inflows.
Trading activity remained high, with $3.70 billion in total value exchanged throughout the session. This surge pushed the total net assets across all Bitcoin ETFs to $85.31 billion.
Ether and Altcoin Performance
While Bitcoin saw a clear rebound, other crypto ETFs showed mixed results:
Ethereum (ETH): The market for Ether ETFs was almost entirely flat, ending the day with a marginal net inflow of just $17,210. Gains from BlackRock’s ETHA and 21Shares’ TETH were nearly wiped out by a $2.45 million outflow from Fidelity’s FETH.
Solana (SOL): Solana ETFs maintained their positive momentum, bringing in $3.78 million. Bitwise’s BSOL was the top performer in this category, contributing $3.05 million of that total.
XRP: It was a silent day for XRP ETFs, which recorded no trading activity, leaving their total net assets unchanged at $1.02 billion.
Market Outlook
The week’s end suggests a "selective positioning" strategy among institutional investors. While there is a clear rotation back into Bitcoin after a period of selling pressure, the appetite for Ethereum remains hesitant. Meanwhile, Solana continues to establish itself as a consistent favorite for incremental demand.
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