ETF Flows Recap

Spot crypto ETFs absorbed +$259.8M ↑ in net inflows during Thursday's settled session, according to InflowScan data. Friday's issuer tapes have not yet published; the figures below reflect the most recent fully settled day.

Fidelity's FBTC led the tape by a wide margin, pulling in $166M — its largest single-day take in more than two weeks. ARK's ARKB followed with $91.8M. Combined, the two products accounted for roughly 99% of the day's net bitcoin flow, a concentration that points to fund-of-fund routing rather than broad-based issuer participation. Bitwise's BSOL added a modest $2.2M on the solana side.

Outflows were negligible. Grayscale's ETHE shed -$2.7M, extending its steady drip of redemptions but at a pace consistent with residual conversion activity rather than fresh selling.

  • FBTC (Fidelity): +$166M ↑
  • ARKB (ARK Invest): +$91.8M ↑
  • BSOL (Bitwise): +$2.2M ↑
  • ETHE (Grayscale): -$2.7M ↓

The absence of ETH product flows in the settled tape is a gap to note — Thursday's ether-complex reporting is still pending, so the net figure above is BTC- and SOL-weighted.

Asset Price Analysis

Bitcoin trades at $62,027, up +0.8% ↑ over 24 hours and +13.7% ↑ over 30 days, though slightly negative on the week at -0.6% ↓. The tape has settled into a tight range in the low-$62Ks after the June rally, with $60K acting as near-term support and prior resistance clustered around $63,500.

Ether reclaims the $1,740 handle, trading at $1,742.30 for a +2.5% ↑ daily gain — the strongest of the majors. The 7-day print remains negative at -3.7% ↓, so Thursday's move reads more as a bounce off oversold levels than a trend reversal. Confirmation would require follow-through in Thursday's still-unpublished ETH ETF flows.

Solana at $81.60 continues to lead the majors on the week, up +9.2% ↑ over seven days and +15.6% ↑ over 30. XRP holds $1.11, up +2.1% ↑ on the day. Both altcoins are outpacing bitcoin on the multi-week window, a rotation pattern consistent with prior episodes when BTC dominance stalls in a range.

Stablecoin Flows

USDC supply expanded by +$59M ↑ to $73.3B, while USDT contracted by -$371M ↓ to $184.0B, according to InflowScan data. The net stablecoin float declined roughly $312M on the day. The mix — USDC building while USDT redeems — historically has been associated with US-desk activity picking up relative to offshore flow, though the aggregate direction points to modest dry-powder depletion rather than accumulation heading into the holiday session.

Outlook

Friday's US session opens ahead of the July 4 holiday, and volumes are likely to thin through the afternoon. Levels to watch on bitcoin: $60,000 as psychological support and $63,500 as the near-term ceiling that has capped the last several attempts. For ether, holding $1,740 into the close would be consistent with the daily bounce carrying through; a fade below $1,700 would put the weekly loss back in focus.

The key data point is Friday's settled ETF tape, which will publish Monday morning. Two questions matter: whether FBTC and ARKB sustain the concentrated bid seen Thursday, and whether ETH products break the recent pattern of net-flat-to-negative flow. With no scheduled US catalysts on the holiday and stablecoin float trending lower, positioning risk skews to lower conviction in either direction until the Tuesday tape prints.