Bitcoin ETFs end 9-day inflow streak as BTC dips below $78K
US spot Bitcoin ETFs ended their 9-day inflow streak on Friday with $201.8 million in net outflows, led by ARK 21Shares, as Bitcoin dipped below $78,000 and total fund assets fell to $97.6 billion after topping $100 billion the day before. The reversal snapped a run that had pulled in more than $3 billion, even as August remained net positive for the category.
Key Takeaways
- US spot Bitcoin ETFs posted $201.8 million in net outflows Friday, ending nine straight sessions of inflows.
- ARK 21Shares led withdrawals with $114.9 million; total Bitcoin ETF assets dropped to $97.6 billion.
- Ether and XRP ETFs added $102.2 million and $26.2 million respectively, bucking the Bitcoin reversal.
- August Bitcoin ETF flows remained positive at $3.3 billion with one US trading session left in the month.
- Solana ETFs continued positive momentum, with Bitwise's fund becoming the first to exceed $1 billion.
Why did Bitcoin ETFs end their 9-day inflow streak?
According to SoSoValue data, US-listed spot Bitcoin exchange-traded funds recorded $201.8 million in net outflows on Friday, breaking a nine-session run of inflows. Bitcoin's price fell below $78,000 on the same day, aligning ETF flows with a broader pullback in crypto markets.
The streak had been substantial. More than $3 billion flowed into Bitcoin ETFs across those nine trading sessions. August flows for the category remained positive at $3.3 billion, with one US trading session still left in the month.
Total net assets in US spot Bitcoin ETFs fell to $97.6 billion after crossing the $100 billion threshold on Thursday. For ongoing coverage of ETF and crypto market moves, see our Fintech & Crypto Alerts hub.
Which Bitcoin ETFs saw the largest outflows on Friday?
Farside Investors data shows the ARK 21Shares Bitcoin ETF (ARKB) led Friday's withdrawals with $114.9 million in net outflows. The Bitwise Bitcoin ETF (BITB) followed with $49.7 million, while BlackRock's iShares Bitcoin Trust (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 on Friday.
Are Ether and XRP ETFs still attracting inflows?
While Bitcoin funds reversed course, Ether and XRP ETFs continued to draw capital. SoSoValue reported $102.2 million in net inflows for Ether ETFs and $26.2 million for XRP funds on Friday.
Neither category has seen sustained outflows recently. Ether ETFs last recorded net outflows on Aug. 11, and XRP funds on Aug. 5.
How are Solana ETFs performing amid the Bitcoin pullback?
Solana ETFs have maintained positive momentum. Bloomberg ETF analyst Eric Balchunas noted Friday that the category had attracted $1.7 billion in cumulative flows without a sustained stretch of outflows.
Bitwise's Solana ETF became the first fund in the category to cross the $1 billion mark, according to Balchunas. He called the performance impressive despite what he described as a nightmare downturn in the first half of the year.
Separately, Solana validators approved a proposal to accelerate SOL disinflation, doubling the annual rate from 15% to 30% while leaving the long-term inflation target unchanged, as reported by CoinTelegraph.