ETF Flows Recap
The most recent settled session, Friday, July 17, drew +$172.1M ↑ in net inflows across spot crypto ETFs, according to InflowScan data. Issuer reports for Monday have not yet published; the picture below reflects Friday's tape, with newer sessions still settling.
BlackRock ran the board. IBIT pulled in +$136.7M, roughly 79% of the day's aggregate net inflow — a concentration profile consistent with the pattern seen through much of Q2, when IBIT has repeatedly done the heavy lifting while smaller BTC products traded flat or leaked. On the ether side, ETHA added +$32.2M, extending BlackRock's dominance across both wrappers.
- +$136.7M ↑ — IBIT (BlackRock)
- +$32.2M ↑ — ETHA (BlackRock)
- +$5.0M ↑ — FETH (Fidelity)
Outflows were negligible. FBTC posted the session's only meaningful redemption at -$4.2M ↓, a rounding error against the day's gross creation activity. The absence of broad-based BTC product outflows on a session where price barely moved suggests allocators are adding on quiet tape rather than chasing strength.
Asset Price Analysis
Bitcoin sits at $64,974, up 0.4% over 24 hours and down 0.6% on the week. The 30-day print is where the story lives: +13.7% ↑, a move that has largely happened without dramatic single-session ranges. Friday's ETF bid landed into that tape.
Ether trades at $1,892, up 1.1% on the day but off -3.7% ↓ over seven sessions — the sharpest weekly underperformance among the four majors. The ETHA inflow against a soft ETH tape points to fund-level positioning rather than momentum-chasing. Solana continues to lead on relative strength at $77.08, up 9.2% on the week and 15.6% on the month. XRP holds the $1.11 handle, up 1.7% weekly.
Key levels heading into the Monday session: BTC resistance at the $66K round number that has capped the tape for most of the past week; support at $64K, which held on Thursday's intraday probe. ETH needs to reclaim $1,900 to neutralize the weekly downdraft.
Stablecoin Flows
Dry powder is flat. USDC supply sits at $73.4B, down $2M over 24 hours — noise. USDT held at $184.0B unchanged, per InflowScan aggregates. Neither series shows the expansion that has historically preceded broader risk-on rotations, nor the contraction that would flag capital leaving the system. The stablecoin float is idling, not signaling.
Outlook
Monday's session opens with a clean tape and a settled bid from Friday's ETF creation activity, though issuer reports for Monday itself will not publish until overnight. Watch whether BTC can press through $66K on any follow-through from Friday's inflow — a break above would be historically associated with fresh allocator interest at the wrapper level; failure there keeps the two-week range intact.
On ETH, the divergence between ETHA's steady bid and spot's weekly slide is the setup to monitor. Historically, sustained ETF inflows against soft spot prices have been consistent with accumulation phases rather than distribution, but the pattern only confirms with a reclaim of $1,900. SOL's relative strength bears watching for any signal on rotation preferences within the majors.
Data points to watch this week: Monday's settled flow print (available Tuesday morning), any concentration shift away from IBIT toward Fidelity or Bitwise products, and USDC supply — a build above $74B would flag returning stablecoin issuance, a leading indicator for allocator activity.