US-listed spot Bitcoin exchange-traded funds (ETFs) recorded $201.8 million in net outflows on Friday, ending a nine-day streak of consecutive inflows as Bitcoin slipped below the $78,000 level.
According to SoSoValue data, the reversal came after US spot Bitcoin ETFs attracted more than $3 billion in net inflows during the previous nine trading sessions. Despite Friday’s withdrawals, August ETF flows remain positive at around $3.3 billion, with one US trading session remaining in the month.
Total net assets held by US spot Bitcoin ETFs declined to approximately $97.6 billion, after briefly surpassing the $100 billion mark on Thursday.
The ARK 21Shares Bitcoin ETF (ARKB) recorded the largest outflow on Friday, with investors withdrawing approximately $114.9 million.
The Bitwise Bitcoin ETF (BITB) followed with $49.7 million in outflows, while BlackRock’s iShares Bitcoin Trust ETF (IBIT) registered withdrawals of $33.4 million.
Morgan Stanley’s Bitcoin Trust (MSBT) was the only fund among those tracked to record an inflow, adding approximately $9.3 million.
The broad-based withdrawals came as Bitcoin fell below $78,000, signaling a shift in investor flows following a prolonged period of strong demand for spot Bitcoin ETFs.
While Bitcoin ETFs experienced withdrawals, other crypto investment products continued to see positive demand.
US spot Ether ETFs attracted $102.2 million in net inflows on Friday, while XRP ETFs recorded $26.2 million. Both categories have maintained positive momentum after their most recent outflow sessions earlier in August.
Solana-based ETFs have also continued to attract investor interest. Bloomberg ETF analyst Eric Balchunas said Solana ETFs had accumulated approximately $1.7 billion in total flows without experiencing a sustained period of outflows.
Bitwise’s Solana ETF also became the first fund in the category to surpass $1 billion in assets, according to Balchunas.
The latest ETF data highlights a divergence across crypto investment products, with Bitcoin funds experiencing a short-term reversal while Ether, XRP, and Solana products continue to attract capital.
