Crypto ETFs Log $253M in Net Outflows in Settled Session; BlackRock's IBIT Drives Bulk of Redemptions

Spot crypto ETFs shed $253.4 million in net outflows in Tuesday's settled session, with BlackRock's IBIT accounting for the overwhelming share of redemptions as issuer reports landed. The tape shows a bitcoin-led exit, offset only marginally by small inflows into Fidelity's ether product and Canary Capital's XRP fund, according to InflowScan data.

Flow Tape

Redemptions were heavily concentrated in a single fund. IBIT's -$218.5 million print accounted for roughly 86% of the day's gross outflow, with BlackRock's ETHA and Fidelity's FBTC filling out the exit column. Inflows were scattered and small — no product cleared $6 million on the bid side — pointing to a distribution consistent with issuer-specific rebalancing rather than a broad crypto-fund rotation.

Top inflows: FETH (Fidelity, ETH) +$5.3M ↑; XRPC (Canary, XRP) +$3.1M ↑; FSOL (Fidelity, SOL) +$0.9M ↑
Top outflows: IBIT (BlackRock, BTC) -$218.5M ↓; ETHA (BlackRock, ETH) -$28.4M ↓; FBTC (Fidelity, BTC) -$10.5M ↓

BTC and ETH coverage settled at 100%; SOL at 100%; XRP at 89% (8 of 9 funds reported).

7-Day Context

Trailing cumulative flow figures are not available for this session — settling days remain incomplete across the reporting window. InflowScan data shows the Tuesday tape leaves BlackRock's flagship products carrying the bulk of the week's redemption pressure so far, with Fidelity's ETH and SOL vehicles running against the trend.