ETF Flows Recap

Spot crypto ETFs logged -$102.8M ↓ in net outflows in Friday's settled session, the latest reporting day published by issuers. Tuesday's flows for the May 26 session have not yet settled. Bitcoin products absorbed the damage: IBIT shed -$70.3M ↓ and FBTC shed -$37.1M ↓, together more than accounting for the day's net figure.

Ethereum funds saw a quieter tape, with BlackRock's ETHA off -$5.8M ↓ and Bitwise's ETHW picking up +$2.1M ↑. Solana products were the standout on the inflow side: Volatility Shares' SOLT took in +$4.9M ↑ and Fidelity's FSOL drew +$3.5M ↑.

  • Top inflows: SOLT +$4.9M ↑, FSOL +$3.5M ↑, ETHW +$2.1M ↑
  • Top outflows: IBIT -$70.3M ↓, FBTC -$37.1M ↓, ETHA -$5.8M ↓

XRP coverage was partial — 8 of 9 funds reported, with XRPK still settling — so the asset-level aggregate is incomplete. Despite Friday's red print, the 30-day cumulative still sits at +$1.35B of net inflows, according to InflowScan data, leaving the broader monthly picture firmly constructive.

Asset Price Analysis

Bitcoin trades at $77,192, off 0.2% on the day and down 0.6% on the week, but holding a 13.7% gain over 30 days. Price has been rangebound through the week even as the largest BTC vehicles bled assets, a divergence consistent with rotation rather than directional capitulation.

Ethereum sits at $2,121, up 0.4% in the past 24 hours but down 3.7% on the week — the weakest seven-day print across the majors. Solana at $85.22 is the standout, up 9.2% on the week and 15.6% on the month, and the flow tape lines up: SOLT and FSOL were the only top-three inflows in Friday's session. XRP holds $1.35, up 1.7% on the week.

Stablecoin Flows

USDT supply edged up by less than $1M to $189.4B, while USDC contracted by $48.8M to $76.4B, per InflowScan data. The flat aggregate suggests dry powder is neither building meaningfully nor draining — a holding pattern that fits the broader rangebound price action.

Outlook

The session ahead hinges on whether Tuesday's settled flows, reporting later this week, confirm or break Friday's BTC-led outflow read. IBIT and FBTC carrying the bulk of redemptions while SOL products absorb fresh capital points to an intra-crypto rotation story rather than a wholesale risk-off shift.

Levels worth watching: BTC has held the $77K handle through the week, with $80K as the upside reference and the mid-$75K area as the next downside test. ETH's $2,100 level is the key near-term marker after this week's 3.7% slide. Funding posture and Wednesday's settled flow tape are the next concrete data points.