Flow Tape

Thursday's tape was concentrated on the outflow side, with ARKB alone accounting for more than a third of the day's net redemptions. Bitcoin products carried the entire drawdown; ether funds posted modest net inflows led by ETHB, per InflowScan data. The dispersion suggests issuer-specific rotation within BTC rather than a broad-based crypto ETF exit.

  • Top inflows: ETHB (BlackRock, ETH) +$14.0M ↑; MSBT (Morgan Stanley, BTC) +$4.0M ↑; TETH (21Shares, ETH) +$2.1M ↑
  • Top outflows: ARKB (ARK Invest, BTC) -$78.0M ↓; GBTC (Grayscale, BTC) -$36.9M ↓; FBTC (Fidelity, BTC) -$34.1M ↓

7-Day Context

Trailing cumulative flow figures are not available while prior sessions continue settling, per InflowScan data. Thursday's print, taken in isolation, is consistent with continued BTC-side redemption pressure alongside a still-positive ether bid.