Spot Crypto ETFs Absorb $535M in Settled Session; IBIT and ETHA Capture Bulk of Bid

Spot crypto ETFs absorbed $535.2 million in net inflows in Wednesday's settled session, according to InflowScan data, with BlackRock's IBIT taking in $269.6 million and ETHA adding $111.5 million as issuer reports landed. Bitcoin and ether products dominated the tape; Solana funds were the session's only net redeemers.

Flow Tape

The bid concentrated at the top of the leaderboard. IBIT alone accounted for roughly half of the day's net take, and BlackRock's two products combined captured more than 70% of aggregate inflows. Redemptions were shallow and confined to Solana vehicles, according to InflowScan data.

IBIT (BlackRock, BTC): +$269.6M ↑
ETHA (BlackRock, ETH): +$111.5M ↑
FBTC (Fidelity, BTC): +$59.1M ↑

GSOL (Grayscale, SOL): -$2.9M ↓
SOLT (Volatility Shares, SOL): -$0.7M ↓
QSOL (Invesco, SOL): -$0.4M ↓

Coverage Note

BTC, ETH, and SOL issuer coverage settled at 100%. XRP reporting came in at 8 of 9 funds (89%), leaving a fractional slice of the tape outstanding. The gap is small enough that today's headline figure is unlikely to shift materially once the final XRP report lands, according to InflowScan data.

7-Day Context

Trailing 7-day and 30-day cumulative figures are not yet finalized pending completion of settling sessions across the window. Wednesday's $535M print, taken in isolation, is consistent with a session where the bid was concentrated in the largest BTC and ETH vehicles rather than dispersed across the issuer lineup.