ETF Flows
Spot crypto ETFs posted +$49.1M ↑ in net inflows on Tuesday, the most recent settled session, according to InflowScan data. All 39 tracked funds across BTC, ETH, SOL, and XRP products reported. While the single-day figure was modest, it extended a broader accumulation trend — seven-day cumulative inflows now stand at $1.83 billion, with the 30-day total reaching $1.95 billion.
BlackRock commanded the session, sweeping the top three inflow positions — a concentration pattern that suggests institutional allocation continues to favor the issuer's suite of products over competitors.
Top Inflows:
Top Outflows:
The Grayscale rotation story persists: GBTC and ETHE together shed $30.1 million on Tuesday, while BlackRock's corresponding products absorbed $92.7 million. This issuer-to-issuer rebalancing continues to suggest fee-driven migration rather than net risk reduction across the asset class. ARKB's $14.7 million outflow is worth flagging — ARK's flagship BTC product has now seen redemptions in three of the last five settled sessions, which may point to tactical repositioning by its holder base.
Note: ETF flow data for Wednesday and Thursday has not yet settled. Tuesday's figures represent the most recent published data from fund issuers.
Asset Price Analysis
Bitcoin enters Thursday's session at $78,218, essentially flat over 24 hours but carrying a solid +4.0% ↑ weekly gain and +4.5% ↑ over 30 days. The $78,000 level has emerged as a near-term consolidation zone after last week's advance. A sustained hold above $78,000 could set up a test of the psychologically significant $80,000 level, while a pullback may find support near $75,000, which served as resistance through early April.
Ethereum trades at $2,376.52, flat intraday with a +1.2% ↑ weekly gain. ETH's underperformance relative to BTC on a 30-day basis (+1.1% vs. +4.5%) is consistent with the flow picture — while ETHA and ETHB drew meaningful inflows, the capital intensity lags what IBIT continues to attract. The ETH/BTC ratio appears to be compressing, a dynamic that typically reflects BTC-led market phases.
Solana at $86.91 and XRP at $1.43 remain under pressure, with both posting negative weekly and 30-day returns. SOL's -9.6% ↓ 30-day drawdown and XRP's -7.3% ↓ decline stand in contrast to BTC and ETH strength, suggesting a flight-to-quality dynamic within the crypto complex where flows and price momentum are concentrating in the two largest assets.
Stablecoin Flows
Combined USDT and USDC supply expanded by approximately $840 million over the past 24 hours — USDT added $471 million to reach $189.0 billion, while USDC grew by $369 million to $78.3 billion. The pace of stablecoin minting has been elevated for several sessions and may indicate fresh fiat on-ramps preparing to deploy. Whether that capital rotates into spot markets or remains sidelined is the key question heading into the back half of the week.
Outlook
Thursday's session opens with BTC in a tight consolidation band around $78,000 after a strong weekly run. Key levels to watch:
- BTC $80,000 — round-number resistance and a level that could trigger momentum-driven buying if breached
- BTC $75,000 — near-term support; a break below would challenge the weekly uptrend
- ETH $2,400 — ETH has struggled to hold above this level; a decisive close above it could signal a catch-up trade
The flow picture remains constructive — $1.83 billion in seven-day cumulative inflows provides a strong demand backdrop, though Tuesday's $49.1 million figure was the lightest daily total in the recent streak. Any acceleration or deceleration in Wednesday's and Thursday's flow data, once settled, will clarify whether the bid is broadening or narrowing. The $840 million stablecoin expansion bears monitoring as a potential leading indicator of fresh deployment into risk assets.