Crypto ETFs Bleed $663M in Wednesday's Settled Tape; IBIT Sheds $289M as SOL Products Hold Bid

Spot crypto ETFs registered $663.5 million in net outflows in Wednesday's settled session, with BlackRock's IBIT alone shedding $289.2 million as today's issuer reports landed. The redemptions concentrated in bitcoin products, while spot solana funds quietly logged inflows — a dispersion pattern that points to asset-specific rotation rather than blanket de-risking.

Flow Tape

InflowScan data shows the bid was narrow and the offer was deep. Three BTC products accounted for the bulk of the outflow column, while the inflow side was carried entirely by solana ETFs — a clean asset-level split rather than a broad redemption wave.

BSOL (Bitwise, SOL): +$16.0M ↑
GSOL (Grayscale, SOL): +$5.1M ↑
FSOL (Fidelity, SOL): +$3.1M ↑
IBIT (BlackRock, BTC): -$289.2M ↓
ARKB (ARK Invest, BTC): -$179.9M ↓
FBTC (Fidelity, BTC): -$135.4M ↓

IBIT, ARKB, and FBTC combined for roughly $604 million of the outflow tape — a single-asset, single-day concentration that suggests positioned BTC holders trimming rather than a cross-product unwind.

7-Day Context

Wednesday's print extends the trailing 7-day tally to -$363.7M ↓, flipping what had been a modestly positive weekly run into net redemption territory. The 30-day cumulative remains constructive at +$2.91B, consistent with a profile in which monthly accumulation is intact but week-over-week momentum has narrowed sharply.