Flow Tape

The redemption was concentrated on the bitcoin side. IBIT and FBTC alone drove $107.4 million of exits, dwarfing the modest bid into solana products. Ethereum flows were mixed, with Bitwise's ETHW logging a small inflow while BlackRock's ETHA shed $5.8 million. InflowScan data shows the dispersion pattern is consistent with single-issuer-led pressure on the BTC complex rather than a broad-based asset-class exit.

  • SOLT (Volatility Shares, SOL): +$4.9M ↑
  • FSOL (Fidelity, SOL): +$3.9M ↑
  • ETHW (Bitwise, ETH): +$2.1M ↑
  • IBIT (BlackRock, BTC): -$70.3M ↓
  • FBTC (Fidelity, BTC): -$37.1M ↓
  • ETHA (BlackRock, ETH): -$5.8M ↓

Trailing Context

Friday's print narrows the trailing 30-day cumulative tally to +$1.35 billion, per InflowScan data. The 30-day window remains firmly positive, suggesting Friday's exit is a single-session redemption against a still-constructive monthly backdrop rather than a directional inflection.