ETF Flows Recap
Spot bitcoin ETFs absorbed +$42.2M ↑ in net inflows on Tuesday's settled session, according to InflowScan data. Wednesday's issuer reports have not yet published — the numbers below reflect the most recent fully-settled tape.
No fund logged net redemptions on Tuesday, per InflowScan data — a rare clean-tape session that points to demand distributed across issuers rather than concentrated in a single vehicle. FBTC's share of the total (roughly half of net creations) suggests Fidelity's client base led the bid, with Morgan Stanley's MSBT and Grayscale's lower-fee BTC ticker each drawing incremental allocations. Ether and Solana ETF issuer data for Tuesday had not been posted at time of writing.
Asset Price Analysis
Bitcoin sits at $64,735, off 0.5% over the past 24 hours and down 0.6% on the week, though still 13.7% higher across the trailing month. The muted daily move alongside positive ETF creations is consistent with steady issuer-channel demand offsetting light spot selling.
Ether trades at $1,884.60, -0.4% ↓ on the day and -3.7% ↓ on the week — the weakest performer among the majors and the only one showing a negative 7-day print. The relative-strength gap between BTC and ETH has widened through July, with ETH's 30-day gain (+3.7%) trailing BTC's by roughly ten points.
Solana holds $77.52, down 0.4% on the day but +9.2% ↑ on the week and +15.6% ↑ over 30 days — the strongest tape in the majors. XRP at $1.11 is little changed on the day and up 8.4% on the month. Key levels to watch: BTC held the $64,500 area overnight, with the $66,000 zone the nearest overhead pivot. ETH resistance sits near $1,920; a failure to reclaim that level would leave the pair rangebound below its early-July highs.
Stablecoin Flows
USDC supply rose $62.7 million and USDT expanded $51.1 million over the past 24 hours, per InflowScan aggregates. Combined issuance of roughly $114 million is a modest but positive dry-powder signal, consistent with the light net inflow tape rather than a broader risk-on push.
Outlook
Wednesday's watch-items are narrow. Issuer flow prints for Tuesday's Ether and Solana products, when they post, will show whether the BTC-only inflow signal extends to the altcoin sleeve or whether rotation remains concentrated in bitcoin vehicles. On the tape, BTC's ability to defend the $64,500 handle into the US cash open, and ETH's response at $1,880, are the two prices worth monitoring. A reclaim of $66,000 by BTC would put the July highs back in play; a break of $1,880 by ETH would extend the underperformance theme. Stablecoin issuance flat-to-positive through the session would keep the demand backdrop intact.