ETF Flows Recap
Spot crypto ETFs absorbed +$30.6M ↑ in Monday's settled session, according to InflowScan data, with the tape split across issuers rather than concentrated in a single flagship. Tuesday's issuer reports have not yet published; the figures below reference the most recent fully settled session.
Grayscale's BTC topped the leaderboard, followed by Fidelity's ether and bitcoin products. VanEck's HODL was the sole meaningful outflow, offsetting roughly 45% of the day's top-three inflow total.
The mix — modest net creations spread across bitcoin and ether wrappers with one concentrated ether-adjacent redemption — is consistent with positioning rotation rather than directional conviction. InflowScan data shows the ether side of the tape roughly balanced on the day, an unusual configuration given ether's 3.7% weekly drawdown.
Asset Price Analysis
Bitcoin trades at $78,098, off 0.8% over 24 hours and 0.6% on the week. The 30-day gain of 13.7% remains intact, and price is capped below the $79,000 handle that acted as support through mid-August.
Ether sits at $2,455.72, down 3.7% on the week and lagging the majors — the weakest 7-day performer in the group despite Fidelity's FETH landing among Monday's top inflows. The divergence between settled ETH ETF demand and spot price points to accumulation into weakness rather than momentum chasing.
Solana at $102.16 and XRP at $1.38 are the standouts on a weekly basis, with SOL up 9.2% and XRP up 1.7%. Both remain positive on a 30-day view (+15.6% and +8.4% respectively), the strongest cohort performance in the majors.
Stablecoin Flows
Aggregate stablecoin supply contracted overnight, with InflowScan data showing USDC down roughly -$373M ↓ to $73.6B and USDT down -$147M ↓ to $183.3B. A combined ~$520M reduction in dry powder alongside a soft BTC tape is historically associated with redemption pressure rather than fresh deployment, though the scale is modest relative to aggregate float.
Outlook
Tuesday's session opens with bitcoin defending the $78,000 handle and ether pinned near the $2,450 level. Key data points to watch: whether ETH ETF creations continue to build against a weakening spot tape (a divergence worth tracking), the response of stablecoin supply to any midday risk shift, and Binance perpetual funding for signs of leverage rebuild after the weekly drawdown in ether.
Levels to watch on the tape: BTC support at $77,500, resistance at $79,000; ETH support at $2,420, resistance at $2,500. Tuesday's issuer flow prints — due after the close — will show whether Monday's balanced posture extends or gives way to concentrated redemptions.