Flow Tape

Dispersion was narrow and one-sided. FETH accounted for virtually all of the day's inflows, while the outflow column was concentrated in two bitcoin products, according to InflowScan data.

  • FETH (Fidelity, ETH): +$69.2M ↑
  • HODL (VanEck, BTC): +$5.3M ↑
  • MSBT (Morgan Stanley, BTC): +$2.2M ↑
  • FBTC (Fidelity, BTC): -$62.2M ↓
  • ARKB (ARK Invest, BTC): -$39.3M ↓
  • ETHA (BlackRock, ETH): -$12.6M ↓

The FETH/ETHA split within ether products is the more unusual line — Fidelity absorbing bids while BlackRock's flagship sheds capital suggests issuer-level rotation rather than a directional ether call.

7-Day Context

Trailing cumulative figures are not yet complete across all reporting funds, so a clean 7-day tally is unavailable. Thursday's print, taken on its own, narrows the recent bid seen in bitcoin products and is consistent with profit-taking against the prior week's settled inflows.