Basri Caneri 
The volatility in the cryptocurrency market had a negative impact on Bitcoin (BTC) and Ethereum (ETH) spot ETFs. On February 18, 2025, Bitcoin ETFs saw outflows totaling -$60.70 million, while Ethereum ETFs saw inflows totaling only $4.60 million. This suggests that investors are cautious and uncertain about the market direction.
Bitcoin ETFs Experienced Outflows
On the Bitcoin side, the IBIT (BlackRock) fund saw inflows of $68.40 million, while the BITB fund saw outflows of $112.70 million. In addition, Fidelity’s FBTC fund also recorded a decline of -$16.40 million.
February 18 Bitcoin ETF movements:
- IBIT (BlackRock): +68.40 million dollars
- FBTC (Fidelity): -$16.40 million
- BITB: -112.70 million dollars
- GBTC, ARKB, BTCO, HODL, BRRR, EZBC, BTCW, BTC: $0 million
These large outflows suggest that investors have started to withdraw their funds due to the uncertainty in the Bitcoin price. The large outflow, especially in the BITB fund, indicates that the market has not yet given a clear signal of recovery.
Small Positive in Ethereum ETFs
On the Ethereum side, activity was quite limited. Fidelity’s FETH fund saw inflows of $4.60 million, while there was no change in other funds.
February 18 Ethereum ETF movements:
- FETH (Fidelity): +$4.60 million
- ETHE (Grayscale), ETH (Grayscale), ETHA (BlackRock), ETHW (Bitwise), ETHV (VanEck), EZET (Franklin), CETH (21 Shares), QETH (Invesco): $0 million
Ethereum investors seem to be avoiding large-scale inflows and acting cautiously. However, the lack of large outflows shows that a stabilization process continues in the market.
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