ETF Flows

Spot crypto ETFs registered +$173.7M ↑ in net inflows during Monday's settled session, according to InflowScan data. Tuesday's issuer reports have not yet published; figures below reference the most recent settled session.

Bitcoin products carried the tape. ARK Invest's ARKB led at +$63.1M ↑, with Fidelity's FBTC close behind at +$59.4M ↑. On the ether side, Fidelity's FETH drew +$28.6M ↑ — the only ETH product among the day's top three. Outflows were negligible: Bitwise's BSOL shed -$1.5M ↓, the lone notable redemption.

  • ARKB (ARK Invest): +$63.1M ↑
  • FBTC (Fidelity): +$59.4M ↑
  • FETH (Fidelity): +$28.6M ↑
  • BSOL (Bitwise): -$1.5M ↓

The 30-day cumulative figure sits at +$24.7M, per InflowScan data — barely positive over the trailing month. That gap between Monday's $174M print and the thin monthly tally points to a recent reversal in tone after a stretch of choppier flows, rather than a sustained accumulation run.

Asset Price Analysis

Bitcoin changes hands at $62,700 heading into the U.S. cash open, down 0.6% on the day and 0.6% on the week. The 30-day picture remains constructive at +13.7%, but spot has stalled near the $63K handle for several sessions. A failure to defend $62K on a closing basis would put the May reclaim zone back in play; resistance sits at the recent $64K-$65K shelf.

Ether trades at $1,671.54, down 1.1% intraday and 3.7% over the past week — the softest seven-day tape of the four majors, despite Monday's $28.6M FETH inflow. The divergence between fund demand and spot is consistent with positioning ahead of a level rather than distribution.

Solana at $66.09 and XRP at $1.15 are both off roughly 1.1% on the day, though SOL retains a 9.2% weekly gain — the standout among majors on a one-week look. The single SOL outflow (BSOL, $1.5M) reads as housekeeping against that move, not a flow turn.

Stablecoin Flows

USDC supply expanded by +$365M ↑ in the past 24 hours to $76.0B, while USDT was essentially flat at $186.8B, per InflowScan data. The USDC build is the larger one-day expansion in roughly a week and is consistent with dollar capital staging on-chain rather than rotating out.

Outlook

The watch-items for Tuesday's session:

  • BTC $62K-$63K: whether spot defends the lower bound after Monday's $174M bid settles into the tape
  • ETH/BTC ratio: ether's underperformance has now stretched to a full week; FETH's standalone inflow has not translated to spot
  • Tuesday's settled ETF flows, reported Wednesday morning, will confirm whether Monday was a one-session bounce or the start of a streak
  • USDC supply trajectory: a second consecutive day of $300M+ expansion would be consistent with continued sidelined-capital build