Flow Tape

The bid concentrated at BlackRock, whose two flagship crypto products accounted for roughly 79% of the day's net take, according to InflowScan data. Dispersion was narrow rather than broad: three funds pulled meaningful inflows and only one product bled, pointing to issuer-led concentration rather than a market-wide wave.

  • IBIT (BlackRock, BTC): +$80.4M ↑
  • ETHA (BlackRock, ETH): +$44.2M ↑
  • FBTC (Fidelity, BTC): +$16.9M ↑
  • GSOL (Grayscale, SOL): -$1.2M ↓

BTC and ETH coverage settled at 100%; XRP came in partial at 8 of 9 funds reporting.

7-Day Context

Trailing 7-day and 30-day cumulative tallies are not available for this print, as settling days remain incomplete across the reporting window. Wednesday's session stands on its own as a modestly positive tape, consistent with a steady rather than accelerating bid.