Spot cryptocurrency ETFs listed in the United States experienced significant fund withdrawals during the week of February 9–15, 2026, with major institutional investors pulling out their capital. Data for the week revealed a net outflow totaling $497.63 million across all spot crypto ETFs. As a result, total assets under management for these funds dropped to roughly $101 billion. While Bitcoin and Ethereum products saw especially sharp exits, some altcoin ETFs bucked the trend with limited inflows.
Large-Scale Bitcoin ETF Redemptions
Over the course of the week, spot Bitcoin ETFs faced net outflows of $359.91 million. Funds offloaded a combined 5,482 Bitcoin, a volume that nearly matches twelve days’ worth of newly mined Bitcoin. This wave of sales reflects not just passive repositioning but a strong shift by institutions toward risk reduction and strategic asset realignment.
Among issuers recording the largest withdrawals, BlackRock and Fidelity took the lead. BlackRock sold off 3,481 BTC during the period, while Fidelity disposed of 1,863 BTC. Grayscale, on the other hand, swam against the current by acquiring 412 BTC. Still, in aggregate, the market demonstrated a clear preference for scaling back exposure and trimming risk.
Ethereum ETF Outflows Mirror Bitcoin Trend
Spot Ethereum ETFs in the US followed a similar path, posting a net outflow of $161.15 million for the week. Issuers collectively sold 83,070 Ether, contributing to the market’s downward pressure on Ethereum products as well.
Delving into the details, BlackRock withdrew 55,820 ETH, and Fidelity sold 22,122 ETH throughout the week. Grayscale once again took a contrarian stance, entering the market with a purchase of 11,010 ETH. Nevertheless, Grayscale’s buying activity was insufficient to offset the broader wave of redemptions seen across Ethereum ETFs.
Selective Demand Lifts Some Altcoin ETFs
Contrary to Bitcoin and Ethereum funds, some altcoin ETFs attracted new investments, albeit on a much smaller scale. The Solana ETF emerged as the top performer among alternative coins, registering an inflow of $13.17 million—equivalent to 150,070 SOL tokens. The XRP ETF followed with $7.65 million (5.29 million XRP), while Chainlink and Avalanche ETFs received $1.71 million (196,230 LINK) and $897,000 (103,200 AVAX), respectively.
In contrast, Dogecoin, Litecoin, and HBAR ETFs saw negligible movement, with little to no changes in fund flows over the same period. This divergence in activity indicates that despite considerable withdrawals from flagship crypto products, investors are not abandoning the sector entirely but are instead shifting focus to select altcoins with perceived upside potential.
Overall, the week’s statistics underscore a turbulent period for spot crypto ETFs in the US, as surging outflows from Bitcoin and Ethereum products weighed on market sentiment. However, the presence of targeted inflows in specific altcoin ETFs highlighted that investor appetite remains for certain niches within the broader crypto landscape.
