Flow Tape

Redemptions concentrated in the two largest BlackRock products, which together drove more than 92% of the session's net outflow. XRP was the only asset class to register a meaningful bid, with Franklin's XRPZ leading. Reporting was complete across BTC, ETH, and SOL; XRP coverage settled at 89% of expected funds.

  • XRPZ (Franklin, XRP): +$3.64M ↑
  • FETH (Fidelity, ETH): +$2.44M ↑
  • IBIT (BlackRock, BTC): -$72.74M ↓
  • ETHA (BlackRock, ETH): -$71.02M ↓
  • FBTC (Fidelity, BTC): -$10.74M ↓

The dispersion points to issuer-specific repositioning rather than a broad product-category exit, with BlackRock's two flagships absorbing the bulk of the redemption pressure while competing issuers saw more muted activity.

7-Day Context

Trailing cumulative figures were not available at publication as prior settling days remain incomplete. Friday's print, taken on its own, narrows the week's net posture and is consistent with recent two-sided tape across the complex.