Flow Tape

The tape skewed sharply to redemptions, with BlackRock's IBIT capturing roughly four-fifths of total net outflows. Inflows were scattered across smaller XRP and Solana vehicles, suggesting a single-issuer, BTC-led exit rather than a broad-based de-risking. Ethereum products added to the pressure, led by ETHA, according to InflowScan data.

  • XXRP (Teucrium, XRP): +$3.9M ↑
  • FSOL (Fidelity, SOL): +$3.0M ↑
  • XRPZ (Franklin, XRP): +$0.8M ↑
  • IBIT (BlackRock, BTC): -$325.0M ↓
  • ETHA (BlackRock, ETH): -$59.2M ↓
  • FETH (Fidelity, ETH): -$14.7M ↓

30-Day Context

The settled print narrows the trailing 30-day cumulative tally to roughly +$1.90 billion in net inflows, according to InflowScan data. The 7-day window is incomplete pending late-settling reports. Tuesday's redemption is consistent with profit-taking concentrated in the largest BTC vehicle rather than a broad-based reversal of the month's accumulation.