Crypto ETFs Eke Out $7M Inflow in Monday's Settled Session as Solana Products Lead Redemptions

Spot crypto ETFs posted a slim $7.1 million net inflow in Monday's settled session, with Fidelity's FETH leading the tape while Bitwise's BSOL absorbed the day's largest outflow. Bitcoin held near $79,906 and ether traded at $2,313 heading into Tuesday's open, with issuer reports for Tuesday still pending.

ETF Flows Recap

Spot crypto ETFs registered +$7.1M ↑ in net inflows during Monday's settled session, according to InflowScan data — a marginal print that masks sharp cross-asset divergence. Issuer reports for Tuesday, October 27 have not yet been published; the figures below reflect the most recent settled tape.

Fidelity's FETH did the heavy lifting on the inflow side, pulling in +$16.1M ↑ and single-handedly carrying the complex into positive territory. The redemptions came from the solana shelf, where Bitwise's BSOL shed -$7.2M ↓ and Grayscale's GSOL gave back -$1.8M ↓.

FETH (Fidelity ether): +$16.1M ↑
BSOL (Bitwise solana): -$7.2M ↓
GSOL (Grayscale solana): -$1.8M ↓

The pattern — ether absorbing creations while solana products see redemptions despite SOL's 9.2% weekly gain — is consistent with profit-taking at the top of a rally rather than a broader risk shift. Monday's reporting cohort was thin, so InflowScan data flags the print as partial pending further settlement.

Market Overview

Majors drifted lower overnight into Tuesday's open. Bitcoin trades at $79,906, down 0.4% on the day but still up 13.7% over 30 days — the trend that has defined the month remains intact despite the softer tape. Ether at $2,313 is the laggard of the group, down 3.7% on the week and underperforming BTC on both the 7-day and 30-day windows.

Asset Price Analysis

Bitcoin's hold above the $79,000 handle is the technically relevant observation. The 30-day gain of 13.7% leaves BTC extended, but the two-session consolidation points to orderly digestion rather than distribution. Resistance sits at the recent $80,000 round number; support rebuilds toward $78,000.

Ether at $2,313 continues to trade heavy against bitcoin, with the 7-day underperformance (-3.7% versus BTC's -0.6%) widening the ETH/BTC gap. The FETH creation print cuts against the spot weakness — a divergence consistent with institutional accumulation into retail-led selling, though a single-day read is not a trend.

SOL at $99.97 is the week's standout on price (+9.2% over 7 days, +15.6% over 30 days) but the standout on redemptions in the ETF wrapper. The split suggests spot and perp flows are driving the SOL tape, not the ETF channel. XRP at $1.30 remains rangebound, up 1.7% on the week.

Stablecoin Flows

Stablecoin supply contracted overnight, with InflowScan data showing USDC down -$458M ↓ to $71.2B and USDT down -$375M ↓ to $181.9B. Combined aggregate dry powder fell roughly $833M on the session — a modest step down that is consistent with profit redemption from on-chain venues rather than fresh capital deployment.

Outlook

Tuesday's session hinges on whether BTC can defend $79,000 and whether the FETH creation signal extends into a second consecutive session. Watch for Tuesday's settled flow prints to post overnight — a second day of ether inflows against solana redemptions would harden the rotation thesis. Key data points for the session: BTC behavior around the $80,000 round number, SOL's ability to hold the $100 handle after Monday's close just below, and whether stablecoin supply contraction extends or stabilizes.