U.S. spot crypto ETFs recorded another sharp wave of outflows on February 12, 2026, signaling continued institutional de-risking across major digital assets.
According to the latest flow data, total net outflows reached approximately $514.35 million in a single day, with Bitcoin and Ethereum ETFs absorbing the bulk of the selling pressure.
Bitcoin ETFs: 6,120 BTC Sold
U.S. spot Bitcoin ETFs reported net outflows of 6,120 BTC, equivalent to roughly $410.37 million.
Breakdown by issuer:
- BlackRock sold 2,350 BTC (~$157.56M)
- Fidelity sold 1,550 BTC (~$104.13M)
- Grayscale sold 1,381 BTC (~$92.66M)
This marks another session where ETF flows represent a meaningful portion of daily spot market supply, reinforcing the idea that ETF positioning continues to influence short-term price dynamics.
Ethereum ETFs: Continued Weakness
Ethereum spot ETFs also posted significant redemptions, with 58,300 ETH withdrawn, totaling approximately $113.10 million.
Issuer-level activity included:
- BlackRock: 14,950 ETH sold (~$28.99M)
- Fidelity: 22,420 ETH sold (~$43.52M)
- Grayscale: 16,240 ETH sold (~$31.54M)
The data reflects persistent pressure on ETH-linked products as broader crypto sentiment remains cautious.
Select Strength in Solana and XRP
Not all assets experienced outflows.
- Solana ETFs: +34,070 SOL (~$2.70M inflow)
- XRP ETFs: +4.69 million XRP (~$6.42M inflow)
Meanwhile, AVAX, LINK, DOGE, LTC, and HBAR ETFs recorded zero net flows for the day.
Market Implications
The combined $514 million outflow suggests continued institutional caution rather than rotation into alternative crypto assets at scale. Bitcoin ETFs alone accounted for nearly 80% of total redemptions.
When ETF outflows align with broader risk-off sentiment, they can amplify short-term volatility by increasing spot supply. However, sustained flows, not single-day prints, will determine whether this represents ongoing distribution or temporary positioning adjustments.
For now, ETF flow trends remain a key variable in assessing near-term crypto market direction.
