Market Overview
Crypto majors enter Monday's session with a coordinated 24-hour bid even as the most recently settled ETF tape, covering Thursday, June 18, points the other way. Bitcoin trades at $64,692, up 2.2% on the day but still down 0.6% over the week. Ether leads the majors at +3.6%, reclaiming $1,768, while SOL extends a 7-day run to +9.2% and XRP firms at $1.15. The gap between Thursday's $106.7M in net ETF redemptions and the weekend price action is the setup worth tracking into the Monday open.
ETF Flows
Spot crypto ETFs logged -$106.7M ↓ in net outflows in Thursday's settled session, according to InflowScan data. Issuer reports for Friday and Monday have not yet been published; the figures below cover the most recent fully settled tape.
The session was driven almost entirely by a single fund: BlackRock's IBIT accounted for $99.6M of the bitcoin redemptions, with VanEck's HODL adding another $4.6M. On the ether side, BlackRock's ETHA shed $13.2M. The concentration in BlackRock products suggests block-level rebalancing rather than broad issuer-wide selling — none of the other large BTC or ETH funds appeared in the top-five outflows.
Inflows were thin but spread across smaller products. Top contributors:
XRP product coverage was partial — 8 of 9 funds reported, with XRPK still settling — but the early read shows modest net buying into XRP wrappers, consistent with the spot tape's +1.7% weekly print. SOL coverage was complete at 11 of 11 funds and showed no top-three flow standouts on either side.
Asset Price Analysis
Bitcoin's 2.2% rebound puts it back above $64,500 after a midweek dip, though the 7-day tape remains marginally negative. The 30-day picture is the stronger anchor — BTC is up 13.7% on the month, and the spot reclaim has come without help from the ETF channel, which is consistent with offshore or stablecoin-funded bid rather than US wrapper demand.
Ether is the relative outperformer over 24 hours at +3.6%, but the 7-day print of -3.7% leaves it the weakest major on the week. ETH faces overhead supply approaching $1,800, a level rejected twice in the prior fortnight. SOL at $74.22 has the cleanest momentum profile of the four — up on every horizon tracked (24h, 7d, 30d) — while XRP's $1.15 handle holds the lower bound of its recent range.
Stablecoin Flows
Stablecoin supply was effectively flat on the day, with USDC down $9.2M on a $74.9B base and USDT unchanged at $186.2B, according to InflowScan data. Sidelined capital has neither built nor drawn down meaningfully — a posture more consistent with positioning held in spot than fresh dry powder being deployed.
Outlook
The setup into Monday is a divergence read. Friday and Monday ETF tapes are still settling and will print in Tuesday's pre-market brief; until then, the most recent signal — Thursday's IBIT-led $99.6M redemption — sits against a weekend BTC rebound to $64,692. If Tuesday's settled data shows the BlackRock outflow extending, the price action is being carried by non-ETF channels and the wrapper bid will need to re-engage to confirm the move. If Tuesday's print reverses, Thursday looks like a one-session rebalance.
Levels to watch: BTC overhead at $66,000 (the 30-day swing high zone), ETH resistance at $1,800, and SOL's $75 round number. On the flow side, whether MSBT's $10.4M inflow marks the start of sustained Morgan Stanley product traction or a one-day creation event is the secondary tell.