Spot Crypto ETFs Absorb $421 Million in Wednesday's Settled Session as IBIT and ETHA Lead

Spot crypto ETFs absorbed $421 million in net inflows during Wednesday's settled session, with BlackRock's IBIT capturing $202.1 million and ETHA drawing $115.2 million as the last of the issuer reports landed. InflowScan data shows the bid ran across bitcoin and ether products, offset only modestly by continued redemptions from Grayscale's legacy GBTC.

Flow Tape

The tape leaned concentrated at the top, with BlackRock products accounting for roughly three-quarters of the net inflow. Grayscale's newer BTC ticker took in $47.1 million even as its legacy GBTC bled another $50.7 million, a pattern consistent with the ongoing rotation between the two Grayscale wrappers rather than fresh distribution.

IBIT (BlackRock, BTC): +$202.1M ↑
ETHA (BlackRock, ETH): +$115.2M ↑
BTC (Grayscale, BTC): +$47.1M ↑
GBTC (Grayscale, BTC): -$50.7M ↓
SOLT (Volatility Shares, SOL): -$2.2M ↓

SOL and XRP products were quiet, with SOLT the only material redemption outside the Grayscale complex. XRP coverage came in at 8 of 9 funds reporting.

7-Day Context

Trailing 7-day and 30-day cumulative tallies are not yet available with all settling days complete. On a same-session basis, Wednesday's $421 million print extends the recent run of positive settled sessions and is consistent with a steady, not accelerating, institutional bid.

By InflowScan Staff. Data sourced from InflowScan.