Crypto markets opened the week under pressure, even as select digital asset investment products continued to attract capital. Solana investment products recorded $31 million in net inflows last week, marking a second consecutive week of positive flows despite softer price performance in $SOL. In contrast, global crypto investment products experienced $173 million in outflows, extending a four-week streak of redemptions that now totals $3.74 billion.
This divergence highlights a nuanced environment where investor appetite appears selective rather than broad-based, with macroeconomic uncertainty shaping short-term sentiment.
Solana Products Attract Capital Despite Price Weakness
Solana digital asset investment products brought in $31 million in net inflows over the past week. The inflows came even as $SOL price action remained relatively subdued. At press time, Solana traded near $82, reflecting modest recovery attempts but still failed to reclaim key levels.
Out of the $31 million in inflows, Solana spot ETFs alone contributed $11.59 million in net inflows during the week, led by Bitwise’s $BSOL product. These additions pushed cumulative inflows for Solana spot ETFs to $884 million.
Onchain activity reinforced this trend. Over the last seven days, more than $42 million bridged from other blockchains to Solana, including over $20 million from Ethereum alone. This migration of liquidity suggests that participants continue to explore opportunities within the Solana ecosystem despite broader market caution.
Solana’s real-world asset ecosystem reached $1.66 billion in total value, setting a new all-time high. The network now counts more than 286,000 holders in this segment, representing growth of over 111% in the past 30 days.
Meanwhile, Solana DeFi's total value locked surpassed 80 million $SOL on February 13, also marking a new all-time high for the network.
While Solana specific products attracted capital, the broader digital asset investment market continued to see withdrawals, with $173 million in net outflows last week, according to CoinShares. This marked the fourth straight week of redemptions and brought total outflows over the past month to $3.74 billion, even though the pace slowed from the $1.7 billion weekly withdrawals earlier in the month and the $187 million recorded the previous week. The sustained pullback indicates that many institutional investors remain cautious as they adjust risk exposure in response to evolving macroeconomic conditions.
Market Prices Slide Ahead of Key Economic Data
Crypto markets traded firmly in the red at the start of the week. Bitcoin slipped toward $67,000 and continued to trade below the $70,000 threshold. Ether hovered under $1,950, while Solana held near $82.
The weakness appeared notable given last week’s softer U.S. consumer price index data. Headline CPI growth slowed to 2.4 percent year over year in January, down from 2.7 percent in December. The data reinforced expectations for at least two 25 basis point rate cuts by the Federal Reserve this year, a development that would typically support risk assets including cryptocurrencies. However, investors continue to weigh significant political and regulatory uncertainty, including the narrative that the Clarity Act may fail to pass if Republicans lose control in the midterm elections, which are now less than nine months away. Following the release, the 10-year U.S. Treasury yield fell to 4.05%, its lowest level since early December.
Bitcoin initially rallied on the back of these developments, climbing from roughly $66,800 on Friday to above $70,000 over the weekend. However, it failed to sustain those gains and retreated below the psychological level as traders prepared for a heavy week of macroeconomic releases.
Market participants now focus on the minutes from the January Federal Reserve meeting and the upcoming core personal consumption expenditures price index report, the Fed’s preferred inflation gauge. These releases could influence near term positioning across risk assets, including digital assets.
Institutional Positioning Reflects Strategic Adjustments
Recent regulatory filings revealed notable shifts in institutional crypto exposure. Harvard Management Company reduced its holdings in BlackRock’s iShares Bitcoin Trust by 21 percent during the fourth quarter, cutting its position from 6.81 million shares to 5.35 million shares. The remaining stake was valued at $265.8 million as of December 31.
At the same time, Harvard opened a new $86.8 million position in BlackRock’s iShares Ethereum Trust, acquiring 3.87 million shares. The combined exposure to Bitcoin and Ether investment products totaled $352.6 million at the end of Q4.
The adjustments occurred during a volatile period. Bitcoin peaked near $126,000 in October 2025 before falling to $88,429 by December 31. Ether declined approximately 28% over the same period.
Despite the reduction, bitcoin remained Harvard’s largest publicly disclosed equity holding at year's end, exceeding its stakes in Alphabet, Microsoft, and Amazon.
Binance Blames Macro Events for October 10 Crash
Speaking at Consensus Hong Kong event in February 2026, Binance Co-CEO Richard Teng addressed the sharp market decline on October 10. He stated that macroeconomic developments, specifically the United States' announcement of 100 percent tariffs, triggered a widespread equity selloff that erased $1.5 trillion in market value.
According to Teng, U.S. equity markets saw $150 billion in liquidations, while crypto liquidations totaled about $19 billion across exchanges. He emphasized that the event represented a broader market reaction rather than an issue from Binance as is widely rumuored.
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