US spot Bitcoin exchange-traded funds reversed nine consecutive days of inflows on Friday, recording net outflows of $201.8 million as Bitcoin fell below $78,000.
The reversal followed a nine-session inflow streak that totaled more than $3 billion, according to SoSoValue data. Total net assets across US spot Bitcoin ETFs declined to $97.6 billion on Friday after surpassing $100 billion the previous day. August flows remained positive at $3.3 billion with one trading session remaining in the month.
The ARK 21Shares Bitcoin ETF (ARKB) led Friday’s outflows with $114.9 million in withdrawals, followed by the Bitwise Bitcoin ETF (BITB) with $49.7 million, data from Farside Investors showed. BlackRock’s iShares Bitcoin Trust ETF (IBIT), the largest US spot Bitcoin ETF by assets, recorded $33.4 million in outflows. Morgan Stanley’s Bitcoin Trust (MSBT) was the only fund to post inflows, adding $9.3 million.
Ether and XRP ETFs bucked the Bitcoin trend, continuing to attract capital with $102.2 million and $26.2 million in net inflows, respectively. The Ether fund has not seen net outflows since August 11, while the XRP fund last recorded withdrawals on August 5.
Solana ETFs maintained positive momentum, with cumulative inflows reaching $1.7 billion without a sustained period of outflows, according to Bloomberg ETF analyst Eric Balchunas. Bitwise’s Solana ETF became the first in the category to exceed $1 billion in assets, a milestone Balchunas described as notable amid broader market challenges.
