Spot Crypto ETFs Post $233.5M Net Outflow as BlackRock's ETHA Sheds $203.5M

Spot crypto ETFs recorded $233.5 million in net outflows in Tuesday's settled session, with BlackRock's ETHA alone accounting for $203.5 million of the redemption as issuer reports completed overnight. Ethereum products carried the bulk of the exit tape, while bitcoin funds posted only modest two-way activity.

Flow Tape

The session skewed heavily to ETH redemptions, with a single fund dominating the outflow column. Inflows were thin and scattered across issuers, pointing to concentrated ETH repositioning rather than a broad risk-off rotation across the complex, according to InflowScan data.

Top inflows: MSBT (Morgan Stanley, BTC) +$7.8M ↑; XRPT (Volatility Shares, XRP) +$2.3M ↑; QSOL (Invesco, SOL) +$0.1M ↑
Top outflows: ETHA (BlackRock, ETH) -$203.5M ↓; FETH (Fidelity, ETH) -$18.9M ↓; BTC (Grayscale, BTC) -$11.0M ↓

ETHA and FETH together drove $222.4 million in ETH-product exits, swamping the ten-dollar bills flowing into Morgan Stanley's new MSBT and Volatility Shares' XRPT. XRP coverage ran at 8 of 9 funds reporting; the remaining issuer could marginally adjust the final tally.

7-Day Context

Trailing cumulative figures are not yet available with full settlement coverage. Tuesday's print, taken on its own, is consistent with ETH-specific profile-reduction rather than a cross-asset de-risking, with BTC and SOL funds posting flat-to-marginally-positive tapes alongside the ETHA block.