Spot Crypto ETFs Log $126M in Net Outflows in Settled Session; ARKB and FBTC Lead Redemptions

Spot crypto ETFs recorded $126.4 million in net outflows in Thursday's settled session, according to InflowScan data, as ARK's ARKB and Fidelity's FBTC together shed more than $113 million. Grayscale's lower-fee BTC fund absorbed $38.9 million, partially offsetting broader bitcoin-product redemptions on a day dominated by issuer-level rotation.

Flow Tape

Thursday's tape points to concentrated redemption pressure across legacy bitcoin wrappers, with three funds accounting for the bulk of the day's outflows. Inflows were narrow and led almost entirely by Grayscale's lower-fee BTC ticker, InflowScan data shows. Ether and Solana products were quiet contributors on both sides.

Top inflows

BTC (Grayscale, BTC): +$38.9M ↑
MSBT (Morgan Stanley, BTC): +$7.1M ↑
SOLZ (ProShares, SOL): +$0.8M ↑

Top outflows

ARKB (ARK Invest, BTC): -$58.8M ↓
FBTC (Fidelity, BTC): -$55.1M ↓
GBTC (Grayscale, BTC): -$36.3M ↓

The GBTC-to-BTC intra-issuer split is consistent with continued fee-driven migration inside Grayscale's product line rather than fresh exposure being added.

7-Day Context

Trailing 7-day and 30-day cumulative tallies are not available with full settlement across all issuers as of tonight's tape. Thursday's print, taken in isolation, is consistent with issuer-level rotation across bitcoin products rather than a broad-based exit, with ether and solana wrappers close to flat.

By InflowScan Staff. Data sourced from InflowScan.