Spot Crypto ETFs Absorb $396M in Thursday's Settled Session; IBIT and ETHA Capture the Bid

Spot crypto ETFs absorbed $396.2 million in net inflows in Thursday's settled session, with BlackRock's IBIT and ETHA capturing the bulk of the bid as issuer reports landed. Fidelity's FBTC posted the day's largest redemption at $81.9 million, according to InflowScan data.

Flow Tape

The Thursday tape shows a concentrated bid at BlackRock, with IBIT and ETHA together drawing more than $400 million against modest but broad-based redemptions elsewhere. Fidelity sat on both sides — FETH pulled in $32 million on the ETH side while FBTC bled $81.9 million on the BTC side, consistent with intra-issuer rotation rather than a uniform risk shift.

IBIT (BlackRock, BTC): +$271.8M ↑
ETHA (BlackRock, ETH): +$128.4M ↑
FETH (Fidelity, ETH): +$32.0M ↑
FBTC (Fidelity, BTC): -$81.9M ↓
GBTC (Grayscale, BTC): -$26.7M ↓
XRPI (Volatility Shares, XRP): -$3.5M ↓

7-Day Context

Trailing 7-day and 30-day cumulative tallies were not fully settled at print, per InflowScan data. Thursday's $396 million net inflow, split roughly 60/40 between BTC and ETH products, is consistent with issuer-level rotation into BlackRock rather than a broad flow acceleration.

By InflowScan Staff. Data sourced from InflowScan.