Crypto ETFs Log Modest $33.7M Inflow in Latest Settled Session; Fidelity Bought Bitcoin While Selling Ether

Spot crypto ETFs registered $33.7 million in net inflows in Thursday's settled session, with Fidelity's FBTC drawing $30.7 million even as its ether counterpart FETH bled $11.2 million, InflowScan data shows. Bitcoin traded at $63,306 heading into Friday's open, down 0.8% on the day but holding a 13.7% monthly gain.

ETF Flows Recap

Spot crypto ETFs absorbed +$33.7M ↑ in net inflows during Thursday's settled session, according to InflowScan data. Friday's issuer reports have not yet published — the numbers below reference the most recent settled tape.

Fidelity's FBTC did the heavy lifting on the bitcoin side, and Bitwise's BITB added a supporting bid. On the ether side, the story reversed: Fidelity's FETH saw the largest single-fund exit, and Grayscale's legacy ETHE continued to leak. That Fidelity was a net buyer of bitcoin and a net seller of ether on the same session is the more revealing tell than the headline aggregate — it points to allocator-level rotation within the complex rather than a broad risk-on or risk-off shift.

FBTC (Fidelity): +$30.7M ↑
BITB (Bitwise): +$15.0M ↑
ETHW (Bitwise): +$2.3M ↑
FETH (Fidelity): -$11.2M ↓
ETHE (Grayscale): -$4.8M ↓

The net figure is modest by 2026 standards, and with BlackRock's IBIT and ETHA absent from the top-five tape, the day reads as a low-conviction session dominated by house-level repositioning rather than fresh institutional demand.

Asset Price Analysis

Bitcoin trades at $63,306, down 0.8% on the day and 0.6% on the week, though still up 13.7% over the past 30 sessions. The 30-day gain is doing most of the work in the trend picture — the past week has been consolidation, not extension.

Ether is the softer name, changing hands at $1,839 after a 1.4% daily decline and a 3.7% weekly drop. The relative weakness lines up with the FETH and ETHE outflows on the settled tape; flows and price are pointing in the same direction, which is consistent with genuine repositioning rather than mechanical noise. Solana at $74.86 is the standout on longer windows, up 9.2% weekly and 15.6% monthly, and XRP holds the $1.08 handle with a 1.7% weekly gain.

The BTC/ETH ratio continues to grind wider — a theme that has defined the summer and is now visible in the settled ETF tape as well.

Stablecoin Flows

USDC supply rose by $102M to $73.3B, while USDT contracted by $29M to $184.0B, InflowScan data shows. The net change across the two majors is a small positive, consistent with dry-powder conditions holding roughly flat rather than either building or draining meaningfully.

Outlook

Friday's settled ETF tape will publish overnight and land in Monday's Pre-Market brief. The watch-item is whether the Fidelity split — bitcoin bought, ether sold — repeats or reverses, which would help clarify whether Thursday reflected a single desk's rebalance or a broader allocator theme.

On price, bitcoin's $63,000 handle is the near-term reference; a clean loss would put the 30-day trend under pressure. For ether, the $1,800 line has been the summer floor and remains the level to watch. Perpetual funding and options positioning into the weekend are the other pieces of the picture, given that flow data goes dark until Monday.