Spot Crypto ETFs Log $118.8M in Net Outflows in Friday's Settled Session; Fidelity's FBTC Drives the Bulk

Spot crypto ETFs registered $118.8 million in net outflows in Friday's settled session, with Fidelity's FBTC accounting for $97.6 million of the redemptions as issuer reports landed. The print snaps the recent run of inflows but leaves the trailing seven-day tally firmly positive, with InflowScan data showing a divergence between bitcoin-product outflows and modest bids into XRP and SOL vehicles.

Flow Tape

The Friday tape was concentrated on the redemption side, with three bitcoin products driving virtually the entire net outflow figure. Inflows were scattered across smaller XRP, SOL, and ETH vehicles, suggesting rotation rather than a broad risk-off shift.

Top inflows: XRPC (Canary Capital, XRP) +$5.9M ↑; BSOL (Bitwise, SOL) +$5.4M ↑; ETHB (BlackRock, ETH) +$3.5M ↑
Top outflows: FBTC (Fidelity, BTC) -$97.6M ↓; IBIT (BlackRock, BTC) -$27.2M ↓; BRRR (Valkyrie, BTC) -$9.0M ↓

FBTC alone represented roughly 82% of the day's net outflow, with IBIT a distant second. The concentration in two issuers points to fund-level repositioning rather than category-wide exit pressure.

7-Day Context

Friday's print narrows but does not reverse the trailing seven-day cumulative inflow of +$1.92 billion, consistent with a single redemption session within an otherwise constructive flow week. The 30-day tally stands at +$3.73 billion, suggesting the broader bid remains intact despite Friday's tape.