Tazmina Rashid
Research Analyst
Last Updated:
February 16, 2026
•
8 Minutes
Altcoins Analytics 16th February 2026
This week's edition of our Crypto Altcoins Analytics.
BTC and Altcoin Dominance
Bitcoin and Altcoin Dominance – As spot prices stabilised this week, altcoin dominance regained nearly 1.5% of the total crypto market cap following its low during the market crash earlier this month. In comparison, Bitcoin dominance has remained steadier, fluctuating between 56% and 58% year to date.
BTC Dominance
Altcoin Dominance
Altcoins / BTC Spot Crosses
Altcoin spot prices denominated in BTC: BNB
Altcoin spot prices denominated in BTC: SOL
Altcoin spot prices denominated in BTC: XRP
Altcoin spot prices denominated in BTC: ETH
Altcoins Outperformance vs BTC
Altcoins Outperformance – ETH underperformed BTC by 5% on Feb. 16. In comparison, XRP and SOL both outperformed: SOL rose 3.6% and 3.2% relative to BTC on consecutive days following earlier-week underperformance, while XRP saw a one-day 5.9% outperformance relative to BTC and otherwise moved more in line with BTC returns for the rest of the week.
Daily relative simple returns vs BTC
Altcoin Performance vs BTC
Daily relative simple returns vs BTC: ETH
Daily relative simple returns vs BTC: BNB
Daily relative simple returns vs BTC: SOL
Daily relative simple returns vs BTC: XRP
ETF Flows: BTC, ETH & Altcoins
ETF Flows – BTC ETFs recorded $359.9M of net outflows, while ETH ETFs saw roughly $161.2M of net outflows.
Activity in altcoin ETFs was largely muted, with flows being close to zero for the past few days.
The only notable change occurred in SOL ETFs on Friday of $1.57M. The inflow followed the announcement that Solana Company (NASDAQ: HSDT), in partnership with Anchorage Digital and the Solana lending protocol Kamino, launched a structure allowing institutions to obtain loans secured by natively staked SOL while the assets remain staked and held in segregated custody accounts at Anchorage.
ETF net Flows: BTC, ETH & Altcoins
Regression-Based Valuation vs BTC
ETH Spot vs BTC Spot regression
BNB Spot vs BTC Spot regression
SOL Spot vs BTC Spot regression
XRP Spot vs BTC Spot regression
Risk Appetite Index
Risk Appetite Index - SOL
Risk Appetite Index - SUI
Block Scholes’ Risk Appetite Index measures the level of euphoria (above 1) or panic (below -1) in the spot market. Momentum in this index shows a strong relationship to spot returns.
Free
PREMIUM
Institutional
Crypto Risk Appetite Report 19th February 2026
This week's edition of our Market Sentiment Report.
Free
PREMIUM
Institutional
Hyper Foundation Unstakes 1M HYPE to Launch HPC
BTC is still rangebound between $65k and $70k while ETH has broken below $2,000 and majors like XRP BNB SOL and DOGE are down roughly 3% to 5% as our Risk Appetite Index continues to drift lower toward its late 2025 bounce level. FOMC minutes from the January 27 to 28 meeting skewed hawkish with the vast majority emphasising sticky inflation and several noting rates could even be adjusted higher if inflation stays above target though a smaller group still supports easing if disinflation resumes. On the crypto development side EVMbench launched with 120 vulnerabilities from 40 audits Coinbase expanded Morpho powered onchain lending collateral to XRP Dogecoin Cardano and Litecoin for up to $100k USDC borrowing Hyper is allocating 1M HYPE to a DeFi policy centre and XRPL activated XLS 81 enabling permissioned DEX venues with controlled access.
Free
PREMIUM
Institutional
Grayscale Sui Staking ETF Will Debut on NYSE Arca
BTC remains rangebound in the $65K to $70K range, while ETH has held near $2,000 since 6 February, as spot ETF flows diverged yesterday between $104.9M of BTC outflows and $48.6M of ETH inflows. Corporate accumulation continues despite softer prices, led by Strategy’s $168M BTC purchase and Bitmine’s $91.3M ETH add, taking its holdings to 4.371M ETH. Market structure developments remained active, with LMAX adding 24/7 margin-based Gold perps, BlackRock advancing its proposed staked ETH ETF, and Grayscale’s Sui staking ETF set to list on NYSE Arca.