Bitcoin spot ETF outflows hit $316M; XRP & HYPE add inflows
Bitcoin spot ETF flows stayed under pressure, with net outflows of about $316M for the week ending Feb. 20—marking the fifth straight week of decline and the longest losing streak since March 2025. Total outflows across the period were roughly $3.8B, led mainly by BlackRock’s IBIT.
The weakness spread beyond Bitcoin spot ETF products. Ethereum ETFs saw about $123M in net outflows, and Solana-linked funds also recorded net redemptions.
In contrast, XRP ETFs and Hyperliquid’s HYPE ETFs attracted inflows. HYPE is notable because it launched in May yet still pulled capital during a broader risk-off backdrop. XRP inflows also point to rotation toward altcoin exposure rather than adding more BTC near current levels.
For traders, the key signal is divergence inside crypto ETFs: Bitcoin spot ETF and Ethereum ETF demand remains soft, while XRP/HYPE strength suggests “rebalancing” rather than uniform sell pressure. The next Bitcoin spot ETF data point could materially affect near-term positioning as BTC struggles to hold above roughly $65,000.
Bearish
Bitcoin spot ETF outflows extend the bearish pressure on BTC by sustaining persistent redemption flows and limiting fresh institutional demand. The article also highlights broader ETF weakness (ETH and SOL-linked products), which supports a risk-off tone that can cap BTC rallies in the short term. At the same time, inflows into XRP and HYPE suggest rotation within crypto ETFs rather than a broad-based expansion of demand, so that strength is less likely to directly reverse BTC weakness immediately. Near term, traders may expect choppy price action and reduced upside follow-through until Bitcoin spot ETF flows stabilize; over the longer term, sustained outflows would imply BTC allocation remains under pressure even if some capital rotates to altcoins.