ETF Flows
Spot crypto ETFs absorbed +$260.1M ↑ in net inflows during Thursday's settled session, according to InflowScan data. Issuer reports covering Friday and today's session are still settling and will land in tomorrow's brief. Bitcoin products drove the tape, with Fidelity's FBTC and ARK's ARKB together taking in more than $254M — a concentration that points to fund-of-fund routing rather than broad allocator participation.
- FBTC (Fidelity): +$162.2M ↑
- ARKB (ARK Invest): +$91.8M ↑
- ETHA (BlackRock): +$28.3M ↑
Redemptions were shallow and concentrated in the two largest incumbents.
The IBIT-versus-FBTC split is the story worth tracking. When Fidelity and ARK are pulling in nine-figure prints while BlackRock's flagship bleeds, the pattern is typically consistent with issuer rotation — advisor platforms rebalancing between wrappers — rather than a directional call on bitcoin itself. XRP fund coverage was partial: 8 of 9 funds reported, with XRPK still settling.
Asset Price Analysis
Price action diverged sharply from the flow tape over the weekend. Bitcoin trades at $62,395, down -1.9% ↓ over 24 hours and -0.6% ↓ on the week, though the 30-day print remains firm at +13.7% ↑. The pullback into Monday's open leaves BTC roughly $2,000 below Thursday's flow-day close, suggesting weekend positioning — not fund demand — drove the fade.
Ether underperformed. ETH sits at $1,759.30, down -1.4% ↓ on the day and -3.7% ↓ on the week, with the ETH/BTC ratio softening further. Solana held up better: SOL at $80.35 is off -1.4% ↓ intraday but up +9.2% ↑ over seven days. XRP prints $1.13, down -1.9% ↓ on the day.
Support for bitcoin sits at the $62,000 handle; a failure to defend it opens the $60,000 round number. Resistance rebuilds at $64,500 — Thursday's post-flow high.
Stablecoin Flows
Dry-powder positioning tilted marginally constructive over the weekend, per InflowScan data. USDT supply expanded by +$50.0M ↑ to $184.1B, while USDC contracted -$18.0M ↓ to $73.0B. The net add across the two majors is modest — roughly $32M — and reads as maintenance issuance rather than a fresh capital wave. When stablecoin growth stalls into a red price tape, the setup historically favors range-bound sessions until either flows accelerate or spot capitulates.
Outlook
Two data points matter into today's session. First, whether bitcoin defends the $62,000 handle on cash-open flow — a break would put the 30-day gain at risk and could pressure FBTC's recent inflow streak. Second, the ETH/BTC cross: with ETHA still logging positive flows despite ETH's -3.7% ↓ weekly print, a further ratio breakdown would test whether ether ETF demand is price-sensitive or programmatic.
Friday's settled flow data lands in tomorrow's pre-market brief and will confirm whether Thursday's $260M print was a one-session anomaly or the start of a sustained bid. The 4-day lag on issuer reporting means today's tape is trading without a fresh flow anchor — historically associated with wider intraday ranges and thinner conviction on both sides.