The crypto ETF market closed the week with another day of inflows for Bitcoin, but the pace has markedly slowed down. Bitcoin ETFs recorded $14.45 million in net inflows, extending their run to nine consecutive days. The underlying flows reflect a market beginning to balance out.
Bitcoin ETFs: Slowing Momentum, BlackRock IBIT Dominates
BlackRock's IBIT led with $22.88 million, continuing to act as the primary source of demand. Morgan Stanley's MSBT added $11.13 million, reinforcing its steady rise among newer entrants. However, selling pressure persisted. Ark & 21Shares' ARKB posted a $9.02 million outflow, while Bitwise's BITB saw an $8.85 million exit. Fidelity's FBTC also recorded a smaller $1.69 million outflow. The inflows were enough to offset the losses, but only narrowly. Trading volume stood at $1.83 billion, with net assets closing at $102.64 billion.
Ether ETFs: Return to Inflows, Concentration Intensifies
Ether ETFs returned to inflows, adding $23.38 million after the prior day's outflow. The recovery, however, was concentrated in a single product. BlackRock's ETHB accounted for all inflows, bringing in $32.25 million. This was partially offset by outflows of $7.71 million from BlackRock's ETHA and $1.16 million from Fidelity's FETH. Trading activity came in at $459.88 million, with net assets closing at $13.79 billion. The contrast highlights a shift within ether exposure—investors are becoming more selective, favoring specific structures over broad allocations.
XRP and Solana ETFs: Divergent Paths
XRP ETFs continued to attract capital, recording a $6.44 million inflow driven primarily by Bitwise's XRP product. Trading volume reached $8.41 million, with net assets rising to $1.10 billion. Solana ETFs moved in the opposite direction, posting a $1.17 million outflow. The decline was largely driven by VanEck's VSOL, which saw $1.43 million exit. Fidelity's FSOL provided a partial offset with a $255,680 inflow. Trading volume stood at $58.12 million, with net assets closing at $883.25 million.
The broader picture is one of deceleration, not reversal. Bitcoin's inflow streak remains intact, but the scale has narrowed. Ether has regained its footing, though flows are increasingly concentrated. The trend is holding, but the momentum is easing.