ETF Flows Recap
Spot crypto ETFs logged -$47.1M ↓ in net outflows in Friday's settled session, according to InflowScan data. Monday's issuer reports have not yet been published — flow data runs on a three-trading-day settlement lag — so Friday remains the most recent fully-settled tape.
The headline figure masks a split book. BlackRock's ETHA drove the bulk of the redemptions, while bitcoin flows stayed mixed and XRP products saw a modest bid into Franklin's XRPZ. The pattern looks more consistent with ETH-specific repositioning than a broad risk-off rotation across the complex.
On the redemption side, three funds account for essentially all of Friday's net exits:
ETHA's single-fund exit absorbed more than the entire day's net outflow number, pointing to one or more large sell tickets rather than a broad distribution of redemptions across ETH products. ARKB's -$20.3M alongside IBIT's +$22.2M on the bitcoin side suggests fund-level rotation rather than a directional view on BTC exposure.
Asset Prices
Bitcoin trades at $83,391, down 0.5% over 24 hours and 0.6% on the week, but still up 13.7% over the trailing 30 days. The tape has gone sideways since early last week after the September run-up, consistent with digestion of recent gains rather than any sharp reversal.
Ether sits at $2,545, up 0.3% on the day but off 3.7% over the past week — the softest seven-day print across the majors InflowScan tracks, and consistent with ETHA's outflow lead. Solana at $110.99 continues to outperform, holding a 9.2% weekly gain and 15.6% over 30 days despite Friday's modest BSOL exit. XRP at $1.40 is down 0.8% intraday but up 8.4% on the month.
BTC faces near-term resistance at the $85,000 handle after failing to reclaim it on two attempts last week; the $82,000 area has acted as support through the recent chop. ETH's $2,500 line has held on dips, and a break below would open the $2,400 zone that marked the late-September consolidation base.
Stablecoin Flows
USDC supply contracted by $55.2M over 24 hours to $73.1B, while USDT held essentially flat at $184.1B, according to InflowScan data. The modest USDC burn is in line with recent sessions and does not meaningfully shift the dry-powder picture heading into the week.
Outlook
The main watch-item is Tuesday morning's reporting of Monday's settled flow tape — specifically whether ETHA's -$55.6M Friday print was a one-off ticket or the start of a sustained redemption pattern. A second consecutive nine-figure ETHA outflow would be harder to frame as idiosyncratic.
On price, BTC's ability to defend the $82,000 area without a flow-side bid is the key read. If IBIT continues to see modest inflows while ARKB bleeds, that fund-level rotation can persist without affecting the broader bitcoin tape. ETH's $2,500 level and SOL's $110 handle are the other levels in focus. Stablecoin aggregates are worth tracking for any step-change — a sharp USDC or USDT mint would historically be associated with sidelined capital rebuilding ahead of a positioning shift.