Flow Tape

Wednesday's tape shows concentrated bitcoin-side selling against a narrow, cross-issuer bid, according to InflowScan data. IBIT's $213.8 million redemption alone exceeded the day's aggregate outflow, meaning inflows elsewhere absorbed roughly $42 million of parallel bitcoin selling before the net figure printed. The pattern points to single-issuer repositioning rather than a broad-based ETF de-risking.

  • ETHA (BlackRock, ETH): +$35.7M ↑
  • BTC (Grayscale, BTC mini): +$35.6M ↑
  • MSBT (Morgan Stanley, BTC): +$29.8M ↑
  • IBIT (BlackRock, BTC): -$213.8M ↓
  • GBTC (Grayscale, BTC): -$61.5M ↓
  • FBTC (Fidelity, BTC): -$49.7M ↓

7-Day Context

Trailing cumulative flow figures were not available at print, with settling days incomplete across the coverage set. Wednesday's outflow print will factor into the next full seven-day tally once the window fills, and the IBIT-driven concentration will be the read to watch as subsequent sessions settle.