Bitcoin ETFs See $318M Weekly Outflows as XRP Bucks the Trend

Key Insights:

• Bitcoin ETFs saw major outflows last week following major crypto market correction and over $200 billion market cap drop.
• Bitcoin fell sharply, and total ETP AUM dropped to $129.8 billion, yet trading volumes hit a record $63.1 billion.
• XRP ETFs recorded roughly $39–$45M in net inflows, making XRP the clear institutional outlier during the downturn.

Ripple’s native crypto, XRP, remains strong despite massive outflows from spot Bitcoin ETFs last week. From Feb. 2 to Feb. 6, spot BTC ETFs recorded net outflows of $318 million. On the other hand, XRP ETFs saw net inflows of $39.04 million. Investors are witnessing a strong shift in the pattern, with XRP clearly dominating giants like BTC and ETH over the past few weeks.

Bitcoin ETFs Continue to Bleed

Bitcoin price witnessed a massive selloff, crashing to $62,000 last week. Although BTC price has recovered since then, this volatility has led to major outflows from spot Bitcoin ETFs. All U.S. ETFs posted net outflows of over $318 million.

Bitcoin ETF weekly net flow | Source: SoSoValue

During the past week, the total volume registered by all U.S. ETFs was $ 4.2 billion. This also marks the largest weekly turnover since their launch.

Flows across major issuers were mixed. Bitwise posted net inflows of $86.2 million, while BlackRock saw $128.7 million in net outflows. Fidelity recorded $166.7 million in outflows, and Grayscale posted the largest net outflows at $173.8 million.

Since October 2025, the cumulative flows for all ETFs combined have fallen by over $6 billion, according to Farside Investors. It shows that the overall sentiment among institutional players is waning significantly.

Despite Bitcoin’s roughly 50% decline, investors in BlackRock’s spot Bitcoin ETF, IBIT, showed little reaction. According to on-chain data, IBIT holdings over the past quarter are down by only 1%.

The muted change suggests that IBIT’s largely long-term investor base has remained steady through the downturn. It shows resilience among big players.

MSTR vs IBIT holdings | Source: Mark Harvey

Bitcoin ETFs Drag Total AUM Down

In their latest blog post, CoinShares analyst mentioned that in past cycles, a slowdown in outflows has often preceded market inflection points. The recent drop suggests the market may be approaching a potential bottom.

The latest market correction drove total assets under management (AuM) down to $129.8 billion. As per CoinShares, this is the lowest since the U.S. tariff and U.S. cement in March 2025. Despite the decline in AuM, trading activity surged.

Exchange-traded product (ETP) volumes climbed to a record $63.1 billion for the week. Thus, they have even surpassed the $56 billion in trading volume registered in October 2025.

Bitcoin Sees Net Outflows | Source: CoinShares

XRP ETFs Steal the Limelight

As shown in the image above, XRP investment products are dominating BTC and ETH. As per the above CoinShares data, the year-to-date inflows of Bitcoin and Ethereum ETPs surged to more than $1.3 billion. On the other hand, spot XRP ETFs have recorded net inflows of over $100 million.

The crypto market endured heavy losses during the week, with Feb. 5 marking the worst session. Total market capitalization fell by roughly $310 billion that day. Despite being among the hardest-hit assets during the downturn, XRP continued to see steady institutional inflows.

In total, XRP ETFs recorded $44.96 million in net inflows, marking their first positive weekly performance in three weeks. On-chain data shows that a majority of last week’s inflows came from the Franklin XRP ETF and the Bitwise XRP ETF. Together, these two ETFs accounted for 90% of the net inflows, totalling $40.5 million.

In contrast, ETFs linked to other major cryptocurrencies continued to face selling pressure. Bitcoin ETFs recorded $358 million in net outflows last week, and Ethereum ETFs saw $170.4 million exit. Similarly, Solana ETFs faced net outflows of $9.3 million.

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