ETF Flows Recap

Spot crypto ETFs registered -$557.6M ↓ in net outflows in Friday's settled session, according to InflowScan data. Issuer reports for Monday's trading have not yet been published; today's figures will settle overnight and appear in tomorrow's pre-market brief.

BlackRock dominated the redemption print. IBIT shed -$404.4M ↓, the single largest bitcoin ETF exit since mid-October, while the issuer's ethereum product ETHA logged -$91.5M ↓. Franklin's EZBC added -$32.9M ↓ to the tally. Concentration was heavy: the top three outflows accounted for roughly 95% of gross redemptions, InflowScan data show.

  • IBIT (BlackRock): -$404.4M ↓
  • ETHA (BlackRock): -$91.5M ↓
  • EZBC (Franklin): -$32.9M ↓

Inflows were thin. Fidelity's FBTC absorbed +$43.0M ↑, and BlackRock's ETHB took in +$1.2M ↑. The FBTC bid against the IBIT exit is consistent with issuer-level rotation inside the bitcoin complex rather than a wholesale asset-class exit.

  • FBTC (Fidelity): +$43.0M ↑
  • ETHB (BlackRock): +$1.2M ↑

Market Overview

Price action decoupled from the flow print. Bitcoin held the $75K handle into the Monday open despite the Friday redemption tape, and solana and xrp both extended weekly gains. The divergence between settled outflows and firm spot suggests the selling was absorbed off-exchange or into structural demand rather than hitting the tape.

Asset Price Analysis

Bitcoin trades at $74,931, up 0.1% on the day and down 0.6% on the week, with a 30-day gain of 13.7% still intact. The $75K area has acted as near-term pivot through the session; a sustained loss of that level would open the September consolidation zone below.

Ether sits at $2,125, off 0.2% over 24 hours and down 3.7% on the week — the weakest major on a seven-day basis. The ETHA redemption is consistent with that relative softness. Solana leads the majors at $86.74, up 9.2% on the week and 15.6% over 30 days. XRP trades at $1.10, down 0.7% on the day but holding a 1.7% weekly gain.

Stablecoin Flows

Dry-powder trends split across the two majors. USDT supply expanded by +$19.0M ↑ over 24 hours to $176.8B, while USDC contracted by -$104.4M ↓ to $70.5B, according to InflowScan data. The net stablecoin print is modestly negative, and is consistent with sidelined capital rather than aggressive re-risking ahead of the week.

Outlook

Monday's settled flow data, due in tomorrow's pre-market brief, will show whether the IBIT exit was a one-session event or the start of a redemption streak. Key levels to watch: $75,000 on bitcoin as the near-term pivot, $2,100 on ether as the floor of the recent range, and the $90 handle on solana after Friday's weekly outperformance. On the flow side, the FBTC/IBIT split is the data point to track — a continuation of that pattern would point to intra-complex rotation rather than a bitcoin-wide exit. Binance perpetual funding and the USDC supply trajectory remain the two cleanest reads on positioning appetite into mid-week.