ETF Flows Recap

Spot bitcoin ETFs registered +$44.4M ↑ in Thursday's settled session, according to InflowScan data. Friday's issuer prints have not yet been published; that data settles overnight and will anchor Monday's pre-market.

Bitwise's BITB led the tape at +$20.7M ↑, followed by Fidelity's FBTC at +$15.5M ↑ and Morgan Stanley's MSBT at +$7.4M ↑. The absence of BlackRock's IBIT from the leaderboard is worth flagging — the fund typically anchors daily inflows, and its muted print is consistent with a distribution session rather than fresh allocator demand.

Ether products leaned the other way. Fidelity's FETH logged -$2.9M ↓, Grayscale's ETHE saw -$1.6M ↓, and VanEck's ETHV shed -$0.7M ↓. The pattern — bitcoin buyers, ether sellers — has held for most of the week and points to product-level rotation rather than a broad crypto-ETF thesis shift.

  • BITB (Bitwise): +$20.7M ↑
  • FBTC (Fidelity): +$15.5M ↑
  • MSBT (Morgan Stanley): +$7.4M ↑
  • FETH (Fidelity): -$2.9M ↓
  • ETHE (Grayscale): -$1.6M ↓
  • ETHV (VanEck): -$0.7M ↓

Market Overview

Risk is bid on the month, offered on the day. Bitcoin holds a 13.7% July gain but enters Friday down 1.5% over 24 hours; ether is up 3.7% on the month and down 1.8% on the session. Solana and XRP are the standouts on longer horizons — SOL up 15.6% over 30 days, XRP up 8.4% — but both are red on the day. The read is a broad-based session of profit-taking against a strong monthly backdrop, not a directional break.

Asset Price Analysis

Bitcoin trades at $63,812, capped below the $65,000 handle it tested earlier in the week and holding support in the low-$63Ks. The 7-day change is essentially flat at -0.6%, which suggests the tape has been rangebound between roughly $63,000 and $65,500 as monthly gains consolidate.

Ether at $1,884 is the weaker leg. Down 3.7% over seven days against bitcoin's flat print, ETH/BTC continues to drift — a dynamic reinforced by ether-product outflows in Thursday's settled tape. Support at the $1,880 level is the near-term line; a failure there opens room toward $1,850.

SOL at $73.56 remains the momentum name, up 9.2% on the week despite Thursday's pullback. XRP at $1.07 is up 1.7% weekly and holds the $1.05 shelf.

Stablecoin Flows

Stablecoin supply contracted by roughly $789M over 24 hours, according to InflowScan data. USDT supply fell $631M to $183.3B and USDC dropped $158M to $72.0B. Aggregate contraction of this size on a single session is consistent with dry-powder redemption rather than fresh sidelined capital — a pattern that historically accompanies mild risk-off tapes rather than deep sell-offs.

Outlook

Friday's session sets up around three data points. First, whether bitcoin defends the $63,000 handle into the weekend — the level has held on prior tests this week. Second, whether ether product flows can arrest the outflow streak; a fifth session of net redemptions would mark the longest run of the month. Third, Monday's pre-market will print Friday's settled ETF tape, and if IBIT participation remains muted, the concentration read shifts.

Levels to watch: BTC support at $63,000 and resistance at $65,500; ETH support at $1,880 with the $1,850 shelf below; SOL holding the $72 line to keep the weekly gain intact.