Bitcoin ETFs Snap Nine-Day Inflow Streak With $202M Exodus as BTC Slips Below $78K — BigGo Finance

U.S. spot Bitcoin exchange-traded funds reversed course on Friday, recording $201.8 million in net outflows and halting a nine-session stretch of consecutive inflows as the underlying cryptocurrency fell back below the $78,000 level.

The pullback arrived after a period of unusually strong demand that had funneled more than $3 billion into the funds over the preceding nine trading days. Despite the one-day reversal, August remains firmly in positive territory at $3.3 billion in net inflows with a single U.S. trading session left in the month, according to data from SoSoValue. Total assets across the category slipped to $97.6 billion after crossing the $100 billion threshold on Thursday.

The outflow day did not hit every product equally. ARK 21Shares led the withdrawals with $114.9 million leaving its fund, according to Farside Investors data. The Bitwise Bitcoin ETF shed $49.7 million, while BlackRock’s iShares Bitcoin Trust, the largest spot Bitcoin fund by assets, recorded $33.4 million in outflows. Morgan Stanley’s Bitcoin Trust bucked the trend as the only fund to post inflows, adding $9.3 million.

While Bitcoin funds struggled, investor appetite for other crypto ETF categories showed no signs of weakening. Spot Ether ETFs pulled in $102.2 million on Friday, extending a run that has not seen net outflows since Aug. 11. XRP funds added $26.2 million, with their last negative day dating back to Aug. 5.

The divergence suggests investors are becoming more selective rather than retreating from crypto exposure altogether. Capital continued rotating into several single-asset products even as the flagship cryptocurrency’s funds reversed, leaving the flow picture split across major digital assets.

Solana ETFs have been a particular bright spot. Bloomberg ETF analyst Eric Balchunas said the category has accumulated $1.7 billion in cumulative flows without enduring a sustained stretch of withdrawals. He noted that Bitwise’s Solana ETF became the first fund in its class to surpass the $1 billion mark, calling the performance “impressive” despite what he described as a “nightmare downturn” in the first half of the year.

The Friday reversal underscores how quickly Bitcoin ETF flows can turn when price action softens. Traders and long-term investors will be watching whether the outflows persist into the coming sessions or if the category quickly re-establishes net inflow momentum, while also monitoring whether altcoin funds continue to attract assets independently of Bitcoin’s direction.

Note: Data from Farside Investors as reported for the Aug. 28 trading session.