Bitcoin ETFs end 9-day inflow streak as BTC dips below $78K
US spot Bitcoin ETFs posted $201.8 million in net outflows Friday, led by ARK 21Shares, as total fund assets slipped back below $100 billion.
US spot Bitcoin ETFs recorded a net outflow of $201.8 million on Friday, marking the end of a nine-day streak of inflows, as Bitcoin's price dipped below $78,000, according to SoSoValue data. The nine-session inflow period had seen a total net inflow of over $3 billion, but August flows remained positive at $3.3 billion, with one trading session remaining in the month.
Total net assets for these funds fell to $97.6 billion after peaking at $100 billion on Thursday. Since August 14, daily flows into these ETFs have been $201.8 million. The ARK 21Shares Bitcoin ETF (ARKB) led the withdrawals with $114.9 million, followed by the Bitwise Bitcoin ETF (BITB) with $49.7 million, while BlackRock's iShares Bitcoin Trust ETF (IBIT), the largest US spot Bitcoin ETF by assets, saw $33.4 million in outflows.
Morgan Stanley's Bitcoin Trust (MSBT) was the only fund to record inflows on Friday, adding $9.3 million. Despite the reversal, Ether and XRP ETFs continued to see inflows of $102.2 million and $26.2 million, respectively. Solana ETFs have also maintained positive momentum, with Bitwise's Solana ETF becoming the first in the category to cross the $1 billion mark.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
