ETF Flows Recap

Spot crypto ETFs absorbed +$312.8M ↑ in net inflows during Friday's settled session, the most recent fully reported tape, according to InflowScan data. Monday's issuer reports have not yet posted; the flow narrative below reflects Friday and should be read as the entry condition into this week, not a same-day print.

Concentration was heavy at the top. BlackRock's IBIT took nearly a third of the day's net inflow on its own, and the top three funds combined accounted for roughly two-thirds of the total. Outflows were negligible, with only one fund — Bitwise's BITB — posting a meaningful redemption.

  • IBIT (BlackRock): +$97.6M ↑
  • BSOL (Bitwise): +$55.7M ↑
  • ETHA (BlackRock): +$50.4M ↑
  • BITB (Bitwise): -$11.8M ↓

The single-day pattern — broad-based bid across BTC, ETH, and SOL products with negligible offsetting redemptions — is consistent with allocation buying rather than tactical rotation. That BSOL, a solana product, ranked second by dollar flow is the more distinctive line item, given SOL's outperformance over the trailing 30 days.

Asset Price Action

The four majors all trade lower on a 24-hour basis heading into Monday's open, softening the read-through from Friday's inflow print. Bitcoin sits at $83,066, off 1.7% on the day and down 0.6% on the week, though still up 13.7% over 30 days. The 30-day gain remains the structural story; the intraweek fade is the tactical one.

Ether trades at $2,666, down 0.8% on the day and 3.7% on the week — the weakest weekly print in the majors and a divergence worth watching against ETHA's $50 million Friday inflow. Solana at $118.65 is off 2.7% on the day but holds a 9.2% weekly gain and 15.6% monthly, the strongest 30-day performance in the group. XRP at $1.49 is down 1.6% on the day, up 1.7% on the week.

The gap between ETH's spot weakness and ETHA's Friday inflow is the cleaner read: fund-level demand appears to be building against a softening tape. Historically, that pairing has resolved in either direction — persistent inflows into a falling asset can mark a base, but they can also mark trapped positioning if flows slow.

Stablecoin Pulse

Aggregate stablecoin supply was effectively flat over the past 24 hours, per InflowScan data. USDC contracted by roughly $191 million to $75.2 billion; USDT held at $183.8 billion with no meaningful change. The absence of net minting suggests sidelined capital is neither building nor deploying at pace — a neutral setup that removes stablecoin issuance from the list of drivers for the week's opening tape.

Outlook

Two data points will define Monday's session read. First, whether Monday's ETF flow settlements — reported Tuesday morning — extend Friday's broad-based bid or show it as a one-day print. A second consecutive day of ETH product inflows against a falling ETH spot would be the more informative signal. Second, whether bitcoin holds the $82,000 handle intraday; a break below would put the 30-day gain under pressure and test whether Friday's fund-level bid persists through weakness.

On the levels, BTC faces near-term resistance at $84,000 and the round $85,000 figure above; SOL's $120 line acts as the pivot after its weekly outperformance. Funding rates and options positioning across venues will be the tell for whether the softness is spot-driven or leverage-driven — the distinction matters for how the week's flow prints get interpreted.