Flow Tape

The bid concentrated in bitcoin products, with ARKB and IBIT together accounting for $257.7 million — roughly 71% of the day's net take. Ether flows split cleanly, with BlackRock's ETHA drawing $59.2 million against Fidelity's FETH redemption. Solana and XRP products contributed marginal outflows, leaving BTC as the clear driver.

  • ARKB (ARK Invest, BTC): +$137.7M ↑
  • IBIT (BlackRock, BTC): +$120.0M ↑
  • ETHA (BlackRock, ETH): +$59.2M ↑
  • FETH (Fidelity, ETH): -$48.3M ↓
  • XRPR (REX-Osprey, XRP): -$4.2M ↓
  • FSOL (Fidelity, SOL): -$2.4M ↓

The ARKB-over-IBIT ordering is atypical for the bitcoin complex and points to fund-specific allocator routing rather than a broad issuer rotation.

7-Day Context

Trailing 7-day cumulative flow is not yet reconciled, with several settling days incomplete in the tape. Friday's $362.6 million print is consistent with the constructive bid pattern seen across recent settled sessions, though a firm week-over-week comparison will follow once the remaining reports land.