Flow Tape

The session's outflows were heavily concentrated in the two largest bitcoin products, with only token offsetting bids across Bitwise, Franklin, and Fidelity's ethereum vehicle. InflowScan data shows no inflow fund crossed $10 million, suggesting the day's tape was a one-sided redemption print rather than rotation between issuers.

  • Top inflows: BITB (Bitwise, BTC) +$8.8M ↑; XRPZ (Franklin, XRP) +$5.6M ↑; FETH (Fidelity, ETH) +$2.9M ↑
  • Top outflows: IBIT (BlackRock, BTC) -$246.8M ↓; FBTC (Fidelity, BTC) -$212.4M ↓; ETHA (BlackRock, ETH) -$80.1M ↓

7-Day Context

Trailing cumulative figures are not available with settling days still incomplete across the panel. Friday's print, taken on its own, extends the recent pattern of large-issuer BTC redemptions carrying the net tape, consistent with concentrated repositioning rather than broad-based selling across the complex.