ETF Flows Recap
Spot crypto ETFs logged -$166.1M ↓ in net outflows in Tuesday's settled session, snapping the recent run of inflows that had defined the prior fortnight, according to InflowScan data. Issuer reports for Wednesday have not yet published; the figures here reference the most recent fully-settled session.
The outflows were concentrated in three bitcoin products, with no fund logging a meaningful inflow on the day. The skew is consistent with single-day repositioning rather than a broader rotation — the 30-day cumulative still sits at +$776.0M of net inflows, leaving the monthly trend intact.
The GBTC line continues the structural redemption pattern that has run since conversion, while the FBTC and BITB exits are the more telling read — those products had been net accumulators through the May rally. Fund coverage for Tuesday is partial as issuer reports continue to settle; the totals may revise on the next refresh.
Asset Prices
Bitcoin trades at $75,777, down 0.2% over 24 hours and 0.6% on the week, holding the $75K handle after the late-May push. The 30-day gain remains +13.7%, which keeps the broader trend constructive even as near-term momentum cools alongside the ETF exits.
Ether sits at $2,080.66, up 0.3% on the day but down 3.7% over seven days — the weakest weekly performance among the majors and a notable lag versus bitcoin's broader monthly strength. Solana prints $83.93 with a +9.2% ↑ seven-day gain and +15.6% ↑ over thirty days, the strongest performer in the InflowScan coverage set. XRP holds $1.33, flat on the day and up +1.7% ↑ on the week.
The divergence between BTC's flow exit and SOL's price strength is worth flagging: capital flowing out of spot bitcoin products has not translated into a coincident bitcoin price break, which points to absorption from non-ETF channels rather than wholesale risk-off.
Stablecoin Flows
USDC supply rose by +$158.2M ↑ over the past 24 hours to $76.6B, while USDT contracted by -$51.2M ↓ to $189.3B, according to InflowScan data. The split is roughly net-neutral on aggregate dollar supply, suggesting dry powder is being reshuffled across issuers rather than meaningfully expanded or drained.
Outlook
The Wednesday session sets up around two data points. First, the next settled-flow print will determine whether Tuesday's -$166M ↓ reading was a single-session reset or the start of a multi-day outflow streak — a continuation would compress the 30-day cumulative and shift the narrative. Second, bitcoin's behavior around the $75,000 level is the key tape read: a defended handle alongside continued outflows is consistent with non-ETF demand, while a break lower would tighten the link between fund exits and spot price.
On the relative-strength side, the BTC–ETH spread bears watching. Ether's -3.7% ↓ weekly print against bitcoin's -0.6% ↓ is the widest gap in several weeks; sustained underperformance historically has been associated with cross-asset rotation flows that show up in ETHA and FETH activity within one to two settled sessions.