Flow Tape
The bid concentrated almost entirely at BlackRock, with ETHA and IBIT accounting for the bulk of the day's gross inflows. Grayscale's legacy GBTC continued to bleed, offsetting most of the new-issue demand, while Franklin's EZBC added a smaller redemption. The split — fresh capital into BlackRock, legacy capital out of Grayscale — is consistent with the rotation pattern InflowScan data has flagged in recent sessions rather than a broad-based bid.
- ETHA (BlackRock, ETH): +$17.6M ↑
- IBIT (BlackRock, BTC): +$16.6M ↑
- BTC (Grayscale, BTC): +$4.4M ↑
- GBTC (Grayscale, BTC): -$17.1M ↓
- EZBC (Franklin, BTC): -$5.8M ↓
7-Day Context
Trailing 7-day and 30-day cumulative totals are not available in tonight's tape, as several earlier sessions remain incomplete on the issuer side. The standalone Tuesday print suggests demand has narrowed to a thin positive margin, with single-fund moves at BlackRock and Grayscale driving most of the net figure.
By InflowScan Staff. Data sourced from InflowScan.