Bitcoin ETFs See First Outflow Day In Over A Week As Price Drops Below $78K

US listed spot Bitcoin ETFs recorded $201.8 million in net outflows on Friday, ending a nine day streak of consecutive inflows as bitcoin’s price fell below the $78,000 mark.

Nine-Day Inflow Run Comes To An End

The reversal followed more than $3 billion in net inflows accumulated over the previous nine trading sessions. Despite Friday’s pullback, total Bitcoin ETF inflows for August remained positive at $3.3 billion with one trading day left in the month. Total net assets across Bitcoin ETFs slipped to $97.6 billion, dropping back below the $100 billion level reached just a day earlier.

ARK 21Shares Leads Outflows

The ARK 21Shares Bitcoin ETF recorded the largest single-day outflow at $114.9 million, followed by Bitwise’s Bitcoin ETF with nearly $50 million in withdrawals. BlackRock’s iShares Bitcoin Trust, the largest Bitcoin ETF by total assets, saw $33.4 million exit the fund. Morgan Stanley’s Bitcoin Trust was the only fund to post inflows on Friday, adding just over $9 million.

Ether And XRP ETFs Continue Positive Momentum

While Bitcoin funds saw outflows, Ether and XRP ETFs maintained their inflow streaks, adding over $100 million and roughly $26 million respectively. Both fund categories had last recorded outflows earlier in August.

Solana ETFs Reach New Milestones

Solana based ETFs have also continued gaining traction, with the category attracting a cumulative $1.7 billion in inflows without a sustained period of outflows. One Solana ETF became the first in its category to surpass $1 billion in assets, a performance described by a leading ETF analyst as particularly strong given a difficult start to the year for the sector.