Flow Tape

Thursday's print was concentrated at the top. BlackRock's two flagship products accounted for roughly $211 million of the $237 million total, leaving little room for the rest of the complex. Morgan Stanley's MSBT registered a modest add, while VanEck's HODL absorbed the session's only meaningful outflow — a single-issuer redemption rather than a broad-based exit.

  • IBIT (BlackRock, BTC): +$129.3M ↑
  • ETHA (BlackRock, ETH): +$81.6M ↑
  • MSBT (Morgan Stanley, BTC): +$14.9M ↑
  • HODL (VanEck, BTC): -$33.0M ↓
  • XRPT (Volatility Shares, XRP): -$1.1M ↓

Coverage was complete across BTC, ETH, and SOL products; XRP came in at 8 of 9 funds reported.

7-Day Context

Trailing 7-day and 30-day cumulative figures are unavailable pending completion of settling days. Thursday's tape, taken on its own, is consistent with continued issuer-level concentration at BlackRock across both bitcoin and ether product lines.