Morning Daily

Across the four digital-asset ETF categories, aggregate daily flows remained positive at approximately $200 million, almost entirely because of strong demand for IBIT. Weekly flows were considerably weaker, totaling an estimated $163 million in net withdrawals, including about $90 million from Ethereum funds and $53 million from Bitcoin products. The data suggest investors used the latest market decline to add selectively to the largest Bitcoin ETF, while reducing exposure to leveraged strategies and showing less conviction toward Ethereum and Solana products.

Overall, the data shows investors rotating toward Ethereum while reducing near-term Bitcoin exposure. Leveraged products amplified the declines across Bitcoin, Ethereum, Solana and XRP, although their one-month returns remain stronger following the recent crypto-market rebound.