Key Insights:
- ETH and SOL Spot ETFs posted sharp net inflows on Wednesday amid Bitcoin’s rise to the $70,000 mark.
- Ethereum and Solana prices mirrored Bitcoin’s move. As of Thursdsay, both cryptos and BTC had not confirmed a breakout.
- Eric Balchunas, Senior ETF Analyst at Bloomberg, is not sure that BTC’s Wednesday spike is a solid reversal sign.
Ethereum (ETH) and Solana (SOL) Spot exchange-traded funds (ETFs) posted sharp net inflows on Wednesday as Bitcoin tested the $70,000 mark. ETH Spot ETFs posted $157.14 million, with Fidelity marking the biggest inflows.
Market observers have shared views ranging from uncertainty to celebration.
ETH Spot ETFs Post Biggest Daily Net Inflows Since Jan 15th
ETH Spot ETFs posted their biggest daily net inflow in more than a month. Net inflows for Wednesday, Feb 15th came in at $157.14 million.
Fidelity Ethereum Fund (CBOE: FETH) was the largest buyer on Wednesday, with a $61.94 million inflow, among the six funds that posted inflows. None of the nine ETH Spot ETFs marked outflows.
Grayscale (NYSE: ETHE) marked Wednesday’s second-highest inflow at $33.87 million; BlackRock’s (NASDAQ: ETHA) posted $31.27 million in net inflows; Grayscale (NYSE: ETHE) scooped $25.55 million; VanEck (CBOE: ETHV) added $3.03 million; and Bitwise (NYSE: ETHW) scooped $1.48 million.
As of yesterday, ETH Spot ETFs posted weekly net inflow of $116.89 million, breaking a five-week net outflow streak.
Ethereum price also displayed positive momentum on the 25th. ETH price was $2,027, reflecting a 1.5% drop from yesterday’s close, according to TradingView data. ETH marked a strong green candle on Wednesday, closing at $2,057 and reaching a high of $2,147.
Notably, Ash Crypto, commented that ETH had clearly broken out, suggesting that ETH was about to rise sharply. However, as of the writing this report, the ETH price had not clearly sustained yesterday’s bump.
SOL Spot ETFs Mark Biggest Daily Net Inflows of 2026
Solana Spot ETFs posted net inflows of $30.86 million on Wednesday and a weekly net inflow of $42.63 million. Wednesday’s net inflows are the biggest single-day net inflows so far this year. Bitwise (NYSE: BSOL) was the biggest buyer yesterday.
Three of the eight Spot ETFs posted inflows yesterday, with none posting outflows. The other two buyers include Grayscale (NYSE: GSOL), which scooped $992.57 worth of SOL, and VanEck (NASDAQ: VSOL), which scooped $881.26 in SOL. This was Bitwise’s biggest daily inflow since December 2nd, 2025.
Solana price followed BTC’s movement on Wednesday, displaying a solid green candle with its upper wick longer than its lower wick. Yesterday’s opening price was $79, and the closing price was $88.06, with a high marked at $92.12.
BTC ETFs Break 5-Week Outflow Streak With $0.5B Daily Inflow
ETH and SOL Spot ETFs’ posted sharp net inflows amid Bitcoin’s rise to the $70,000 mark. The biggest cryptocurrency by market cap briefly surpassed $70,000. As of writing this report, BTC was hovvering above the $68,000 mark. Also, there was no indication it would cross the $70K mark.
Overall, this week will be crucial for SOL and ETH, whose price action is closely linked to Bitcoin. Market watchers will be closely watching BTC price action, looking for signs of a strong trend reversal since January’s bloodbath. The simplest sign of a reversal is a smooth journey past the $70,000 level.
Notably, Eric Balchunas, senior ETF analyst at Bloomberg, noted that BTC Spot ETFs had displayed a very sharp net daily inflows on Feb 25th. However, the analyst did not express confidence, adding that BTC’s green candle could have been a ‘dead cat bounce’.
Overall, it is not clear that Bitcoin is about to mark a reversal in the short term. This week, all eyes will be looking for those signs.
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