Spot Crypto ETFs Absorb $56M in Tuesday's Settled Session; Morgan Stanley's MSBT Tops the Tape

Spot crypto ETFs absorbed $56.1 million in net inflows in Tuesday's settled session, with Morgan Stanley's MSBT capturing $26.3 million as today's issuer reports landed. Bitwise's SOL product BSOL and Franklin's XRP fund XRPZ rounded out the top of the tape, while Grayscale's ETHE and BlackRock's IBIT logged the day's largest redemptions.

Flow Tape

Tuesday's bid was diffuse, split across four asset classes rather than concentrated in a single bitcoin product. MSBT's $26.3 million pull alongside BSOL's $21.6 million inflow points to issuer-specific routing rather than a unified bitcoin trade, with IBIT's $7.4 million redemption running counter to the headline direction.

MSBT (Morgan Stanley, BTC): +$26.3M ↑
BSOL (Bitwise, SOL): +$21.6M ↑
XRPZ (Franklin, XRP): +$13.6M ↑
ETHE (Grayscale, ETH): -$7.6M ↓
IBIT (BlackRock, BTC): -$7.4M ↓
FETH (Fidelity, ETH): -$4.7M ↓

BTC and ETH coverage closed at 100% of expected issuers reporting; SOL and XRP tallies remain partial at 55% and 22% respectively, so the cross-asset dispersion may narrow as late prints settle.

7-Day Context

Tuesday's +$56.1M ↑ extends the trailing 7-day tally to +$173.3M ↑, a pace consistent with the moderate accumulation cadence that has defined the past week rather than a step-change in demand. The split tape — bitcoin and ether products on opposite sides while SOL and XRP draw fresh bids — suggests rotation within the complex rather than directional conviction across it.