Flow Tape
Tuesday's print was a concentrated-outflow session, with three BlackRock and Grayscale products accounting for nearly the entirety of the net redemptions. Dispersion on the inflow side was thin — only FBTC and MSBT registered positive prints of note, both single-digit millions. The pattern is consistent with issuer-specific repositioning rather than broad complex-wide de-risking, with legacy Grayscale BTC also contributing to the drawdown.
- FBTC (Fidelity, BTC): +$6.7M ↑
- MSBT (Morgan Stanley, BTC): +$3.3M ↑
7-Day Context
Trailing cumulative figures are not available for this session, as settling days remain incomplete across the reporting window. Tuesday's $209 million outflow stands as the most recently confirmed data point and will be reconciled against the rolling tally once subsequent sessions clear.