ETF Flows Recap
Spot bitcoin ETFs logged +$236.7M ↑ in net inflows in Wednesday's settled session, according to InflowScan data. Issuer reports for Thursday have not yet published; Wednesday remains the most recent fully settled tape.
The bid was broad rather than IBIT-concentrated — a shift from the mid-July pattern when BlackRock's fund captured 60%+ of daily net creations. ARKB's $77.7M print is its largest single-session inflow since the July FOMC window. On the redemption side, only GSOL logged a meaningful exit at -$3.1M ↓, a rounding-error print against the bitcoin complex.
Asset Price Analysis
Bitcoin trades at $71,946, up 3.8% over 24 hours and effectively flat on the week (-0.6%). The 30-day tape sits +13.7%, keeping the August range intact. Price action into Thursday's open is consistent with the flow tape — Wednesday's $237M creation prints and Thursday's early strength appear coincident rather than lagged.
Ether trades at $2,297, up 1.9% on the day but still -3.7% on the week, underperforming bitcoin by roughly 300bps over the 7-day window. Solana continues to lead the majors, up 2.3% to $87.26 and +15.6% over 30 days. XRP prints the largest 24-hour move in the top four at +7.8% to $1.19, though the weekly gain of 1.7% suggests the move is corrective rather than trend-extending.
Levels to watch: BTC faces near-term resistance at the $72,500 handle it capped below earlier in the week. ETH's $2,300 line has flipped between support and resistance three times in the last ten sessions and is the cleanest short-term reference for relative-strength watchers.
Stablecoin Flows
USDC supply expanded by +$509M ↑ over 24 hours to $72.5B, according to InflowScan data — the largest single-day mint in roughly two weeks. USDT added a modest +$12M ↑ to $183.0B. The USDC expansion, paired with the ETF creation tape, points to dry powder rebuilding on the on-chain side rather than depleting into spot.
Outlook
Thursday's session sets up around whether bitcoin can convert Wednesday's flow bid into a break above $72,500. Watch for Thursday's settled flow tape (published pre-market Friday) to confirm whether the ARKB/FBTC rotation persists or whether IBIT reclaims the concentration crown. On the ether side, the divergence between negative weekly price action and a flat ETF flow book historically has been associated with base-building rather than distribution — a pattern worth tracking against ETHA prints. Stablecoin mint velocity remains the cleanest cross-check on whether the current bid has follow-through.