Flow Tape

The redemption tape was concentrated rather than broad. IBIT alone drove the bulk of the outflow, with BlackRock's ETHA and Fidelity's FBTC rounding out a top-three exit list dominated by two issuers. Inflows were thin and scattered, leaving no offsetting bid of scale.

  • FETH (Fidelity, ETH): +$14.9M ↑
  • XRPT (Volatility Shares, XRP): +$0.7M ↑
  • IBIT (BlackRock, BTC): -$214.2M ↓
  • ETHA (BlackRock, ETH): -$53.2M ↓
  • FBTC (Fidelity, BTC): -$28.2M ↓

BTC and ETH coverage settled at 100%; SOL cleared at 100% and XRP at 89% with one fund still pending.

7-Day Context

Trailing cumulative figures were unavailable pending completion of settling days, so a rolling read is on hold. Friday's print, taken on its own, is consistent with issuer-level rotation out of the largest BTC and ETH vehicles rather than a broad-based bid across the complex.