ETF Flows Recap

Spot crypto ETFs absorbed +$367.2M ↑ in net inflows during Thursday's settled session, according to InflowScan data. Issuer reports for Friday's tape have not yet published; the figures below reflect the most recent settled day.

Three funds accounted for nearly all of the net take. ARK Invest's ARKB led the board, its haul more than double any other single product. Fidelity's FBTC and FETH rounded out the top three, splitting flows across the BTC and ETH complexes rather than concentrating on one asset.

  • ARKB (ARK Invest): +$137.7M ↑
  • FBTC (Fidelity): +$74.4M ↑
  • FETH (Fidelity): +$65.1M ↑

Outflows stayed shallow and were confined to legacy vehicles. Grayscale's ETHE and WisdomTree's BTCW were the only funds registering meaningful redemptions.

  • ETHE (Grayscale): -$6.1M ↓
  • BTCW (WisdomTree): -$5.2M ↓

The composition points to fresh allocation across issuers rather than rotation. When ARKB, FBTC and FETH lead simultaneously and legacy conversions barely dent the ledger, the pattern is consistent with new subscription demand across both bitcoin and ether exposure.

Market Overview

Prices went into Friday's pre-market flat to slightly weaker on the day but firm on the month. Bitcoin traded at $81,225, ether at $2,521, with solana and XRP holding recent gains. The 24-hour tape shows a market digesting rather than extending — a reasonable posture given the 30-day advance in majors.

Asset Price Analysis

BTC $81,225 (24h -0.1% ↓, 7d -0.6% ↓, 30d +13.7% ↑). Bitcoin remains capped just above the $81,000 handle after last week's push. The one-week drift is minor and the 30-day return is intact, but the coin has yet to reclaim the highs of the prior leg. Near-term focus sits on whether $80,000 continues to act as support on any pullback.

ETH $2,521 (24h +0.6% ↑, 7d -3.7% ↓, 30d +3.7% ↑). Ether has underperformed bitcoin on the week despite Thursday's $65M FETH allocation. The divergence between fresh ETH ETF demand and softer spot returns suggests issuer flows are absorbing supply rather than driving price higher.

SOL $103.98 (24h flat, 7d +9.2% ↑, 30d +15.6% ↑). Solana leads the majors on both weekly and monthly measures, though Thursday's SOL ETF cohort did not print in the top-flow list.

XRP $1.45 (24h -0.2% ↓, 7d +1.7% ↑, 30d +8.4% ↑). XRP holds recent gains without new impulse.

Stablecoin Flows

USDC supply expanded by +$614.8M ↑ over 24 hours to $74.5B, while USDT contracted by -$383.9M ↓ to $183.0B, per InflowScan data. Net stablecoin supply added roughly $231M — modest dry-powder growth, consistent with the ETF inflow pattern seen on Thursday.

Outlook

Friday's issuer reports will confirm whether Thursday's cross-issuer bid extended into a second session or whether ARKB's outsized print was a one-day allocation event. Levels to watch: BTC support at $80,000 and resistance near recent highs; ETH's ability to defend $2,500 after a 3.7% weekly drawdown despite fresh FETH inflows. On the flow side, watch whether SOL and XRP products register meaningful demand after weeks of price outperformance without matching ETF sponsorship.