Flow Tape
Wednesday's settled session skewed decisively negative, with the top three outflows accounting for the bulk of the $377.9 million aggregate redemption. Dispersion was thin on the inflow side — only one fund registered a meaningful net add — pointing to broad-based de-risking across issuers rather than a single-fund rebalance.
- FETH (Fidelity, ETH): +$8.1M ↑
BTC and ETH coverage printed complete at 12/12 and 9/9 funds respectively; SOL also closed full at 11/11; XRP settled partial at 8/9.
7-Day Context
Trailing cumulative tallies are not yet available with settling days incomplete, so a clean streak call is premature. On a single-session basis, Wednesday's print is consistent with a broadening redemption pattern across both BTC and ETH complexes rather than an asset-specific rotation.