Flow Tape

The tape shows a heavily concentrated bid rather than a broad-based one. IBIT alone absorbed more than 96% of the net figure, with ETHA providing the secondary anchor. Redemptions clustered in mid-tier BTC and ETH products — BITB, FETH, and HODL together offset roughly $87 million — pointing to intra-issuer rotation more than a coordinated exit.

  • IBIT (BlackRock, BTC): +$202.1M ↑
  • ETHA (BlackRock, ETH): +$58.8M ↑
  • BSOL (Bitwise, SOL): +$11.2M ↑
  • BITB (Bitwise, BTC): -$49.7M ↓
  • FETH (Fidelity, ETH): -$24.3M ↓
  • HODL (VanEck, BTC): -$13.2M ↓

7-Day Context

Trailing 7-day and 30-day cumulative figures are not available in this cycle, with settling days incomplete across the coverage set. On a standalone basis, Monday's print is consistent with a BlackRock-led bid absorbing rotation out of smaller BTC and ETH complexes rather than net new capital entering the tape at scale.