Week in Numbers

The tape flipped hard. Spot crypto ETFs pulled in +$2.08B ↑ across the five sessions ending Friday, according to InflowScan data — a full reversal from the prior week's $378M in redemptions. Bitcoin products carried the bulk of the bid at +$1.59B, with ether funds adding +$460M and Solana products contributing a modest +$22.7M. XRP vehicles were essentially flat at +$2.8M, an unusually muted flow print given the token's 46.5% weekly spot gain — a divergence worth flagging for next week's read.

Daily Flow Breakdown

The week built momentum steadily before losing thrust on Friday. Monday opened with +$322M ↑, Tuesday added +$225M ↑, and Wednesday accelerated to +$535M ↑. Thursday was the standout: +$898M ↑ in a single session, the week's largest print and one of the ten largest single-day inflows of the year, per InflowScan data. Friday cooled sharply to +$99M, coinciding with BTC's failed test of $79,600 and a session-close pullback. The Thursday-to-Friday drop-off — an 89% deceleration — is the pattern to watch into Monday. Historically, sharp single-day flow spikes into a resistance test have been associated with short-term consolidation rather than immediate continuation.

ETF Leaderboard

BlackRock ran the table on both sides of the complex. Concentration was heavy: IBIT alone accounted for roughly half of all bitcoin inflows.

Top 5 Inflows:

  • IBIT (BlackRock): +$1.04B ↑
  • ETHA (BlackRock): +$358M ↑
  • FBTC (Fidelity): +$283M ↑
  • ARKB (ARK Invest): +$123M ↑
  • BITB (Bitwise): +$67M ↑

Top 5 Outflows:

  • HODL (VanEck): -$15.8M ↓
  • SOLT (Volatility Shares): -$0.7M ↓
  • QSOL (Invesco): -$0.4M ↓
  • XRPI (Volatility Shares): -$0.4M ↓
  • SLON (ProShares): -$0.2M ↓

Outflows were negligible — the largest redemption print of the week barely cleared $16M, and the SOL and XRP micro-outflows point to isolated rebalancing rather than any coordinated exit. BlackRock and Fidelity between them absorbed roughly 81% of the week's net dollars, a concentration ratio that has widened over the summer.

Price Scorecard

Every major posted a double-digit weekly gain, with altcoins outrunning bitcoin on percentage terms.

  • BTC: $62,837 → $78,326 (+24.6% ↑) | Range: $73,000 – $79,600
  • ETH: $1,876 → $2,516 (+34.1% ↑) | Range: $2,324 – $2,549
  • SOL: $74.55 → $93.72 (+25.7% ↑) | Range: $87.54 – $95.00
  • XRP: $0.993 → $1.454 (+46.5% ↑) | Range: $1.258 – $1.477

BTC's failure to clear $79,600 on Friday is the technical marker heading into next week; the tape closed near session lows despite the week's cumulative bid. ETH's break above $2,500 came on Thursday alongside the $898M ETF inflow day, and price held the handle into the close — the flow-price alignment there is cleaner than in bitcoin. XRP's 46.5% move with essentially flat ETF flows is the outlier: the rally was funded elsewhere, likely spot and derivatives, with news flow around RLUSD lending on XRP Ledger providing narrative cover.

Stablecoin Pulse

The dry-powder picture split. USDT supply contracted by $432M to $182.6B while USDC expanded by +$1.09B to $73.0B, according to InflowScan data. Net stablecoin supply grew by roughly $659M on the week — a modest expansion consistent with the risk-on tape, though the USDT contraction alongside a 24.6% BTC rally is unusual and worth monitoring. USDC's expansion has historically been associated with US-domiciled institutional flow, which lines up with the ETF bid.

FlowScore Check

Solana closed the week with the strongest FlowScore at 72.16, followed by ether at 68.62 and bitcoin at 65.31, per InflowScan data. The ordering is notable given that BTC absorbed 77% of the week's ETF dollars — FlowScore weights broader flow momentum including spot and derivatives, and the SOL reading suggests the ecosystem is drawing capital through channels beyond the modest ETF print.

Week's Top Stories

  • VanEck's $500K BTC-by-2029 call circulated widely and provided narrative fuel into the mid-week flow surge.
  • Ripple backing RLUSD lending on XRP Ledger with Clearpool and Cicada added institutional infrastructure context to XRP's outsized weekly move.
  • Kraken froze $4.2M in HTX-linked transfers, a compliance headline that had no visible flow impact but keeps counterparty risk in view.
  • BNB cleared $690 mid-week, a reminder that the rally extended beyond the four ETF-listed majors.
  • Analyst commentary around post-pullback altcoin returns drove retail engagement without translating to meaningful ETF flow in SOL or XRP products.