Flow Tape

The tape points to issuer-level rotation rather than a uniform exit. IBIT's $219 million redemption dominated the print, but the offsetting bid into ARKB and FBTC narrowed the net figure to less than 20% of IBIT's gross outflow. Dispersion was concentrated on the BTC complex; ETH and SOL products moved in smaller increments.

  • ARKB (ARK Invest, BTC): +$59.4M ↑
  • FBTC (Fidelity, BTC): +$55.8M ↑
  • ETHB (BlackRock, ETH): +$24.8M ↑
  • IBIT (BlackRock, BTC): -$219.1M ↓
  • ETHV (VanEck, ETH): -$3.4M ↓
  • BSOL (Bitwise, SOL): -$1.5M ↓

Trailing Context

Monday's print leaves the 30-day cumulative tally at +$24.7 million, consistent with a market that has churned near flat over the trailing month rather than building a directional streak, InflowScan data shows. The single-issuer dominance of today's outflow suggests fund-level repositioning more than a broad-based de-risking impulse.