“Settled flows” describes ETF creation and redemption activity that has cleared the T+1 settlement cycle and been published in the issuer’s end-of-day flow feed. It’s the difference between “today the fund saw $200M in primary-market activity” (real-time, often partial) and “Monday’s settled net flow was +$187M” (final, attributable to a closed session).
In US-listed crypto ETFs, the cycle works like this: creations and redemptions executed during a Monday trading session settle overnight, and the issuer publishes the final per-fund net flow in its Tuesday-morning feed. So when a dashboard says “Monday’s net flow,” the row was actually written Tuesday between roughly 6 AM and 4 PM ET, depending on how fast the issuer reports.
Fast issuers (BlackRock, Fidelity, VanEck, Franklin) typically have T+1 data live by 6 AM ET. Slow issuers (ARK, Bitwise, Grayscale, Invesco, WisdomTree, Valkyrie) often publish in mid-afternoon. InflowScan’s catch-up cron jobs at 6:30 AM and 3:30 PM ET bracket this window so coverage is complete by Monday afternoon at the latest.
The Settled Flows Wrap brief at 10:15 PM ET each weekday closes the loop on the day’s data: it fires fifteen minutes after the 10 PM massive-collector run, which lands today’s T+0 issuer reports as they publish. Until then, “today’s flow” figures on the dashboard are explicitly partial — we render them as snapshots, not totals, and never roll partial days into multi-day aggregates.