Spot Crypto ETFs Absorb $177M in Settled Session; IBIT Captures 77% of the Bid

Spot crypto ETFs absorbed $177.1 million in net inflows in Friday's settled session, with BlackRock's IBIT capturing more than three-quarters of the bid as issuer reports landed. Bitcoin products drove the tape, offset by modest Fidelity outflows on both the BTC and ETH sides.

Flow Tape

Friday's settled tape shows a concentrated bid rather than a broad one. IBIT alone accounted for roughly 77% of the day's net inflow, according to InflowScan data, with BlackRock's ETHA supplying the ETH-side contribution. Bitwise's BITB rounded out the inflow leaders. Redemptions were narrow and Fidelity-specific, split between FETH and FBTC.

IBIT (BlackRock, BTC): +$136.7M ↑
ETHA (BlackRock, ETH): +$32.2M ↑
BITB (Bitwise, BTC): +$15.0M ↑
FETH (Fidelity, ETH): -$11.2M ↓
FBTC (Fidelity, BTC): -$4.2M ↓

The single-issuer dominance from BlackRock across both BTC and ETH products is consistent with fund-of-fund routing rather than dispersed retail demand.

7-Day Context

Trailing 7-day cumulative flow data was not available at publication time due to incomplete settling across the reporting window. Friday's $177 million print, taken on its own, extends the recent pattern of BlackRock-led net inflows offset by smaller Fidelity redemptions.