Bitcoin ETF Inflows Stall After 9-Day Run as BTC Drops Under $78K

US-listed spot Bitcoin exchange-traded funds (ETFs) snapped a nine-day streak of net inflows as Bitcoin slipped back below the $78,000 level. The pause in demand comes amid an otherwise strong August for the category, with total inflows over the month still positive into the final days of the period.

SoSoValue data shows US spot Bitcoin ETFs logged $201.8 million in net outflows on Friday, ending a run that had brought more than $3 billion in net inflows over nine consecutive trading sessions. August net flows remained positive at $3.3 billion with one US trading day left, while total net assets slipped to $97.6 billion after reaching above $100 billion on Thursday.

Key takeaways

• Friday marked a shift to $201.8 million of net outflows for US spot Bitcoin ETFs, ending a nine-day inflow streak.
• SoSoValue reported that the pullback followed more than $3 billion in net inflows over the prior nine sessions.
• Ether and XRP spot ETF categories continued to add assets on Friday, receiving net inflows of $102.2 million and $26.2 million, respectively.
• Solana ETFs sustained positive momentum and reached major milestones in cumulative flows, according to Bloomberg ETF analyst Eric Balchunas.
• ARK 21Shares led the day’s Bitcoin outflows, while most other funds were either negative or only mildly positive.

Bitcoin ETF outflows resume after a strong run

Bitcoin-related ETF demand eased on Friday even as the broader picture for August remained constructive. The shift is best understood as a “cooling” rather than a full reversal: the category’s net inflow streak ended, but the aggregate month-to-date figure still stands in positive territory.

According to Farside Investors, ARK 21Shares’ spot Bitcoin ETF (ARKB) recorded the largest withdrawals of the day, with $114.9 million in net outflows. Bitwise’s Bitcoin ETF (BITB) followed with $49.7 million in net outflows. BlackRock’s iShares Bitcoin Trust ETF (IBIT)—the largest US spot Bitcoin ETF by assets—also saw outflows, totaling $33.4 million on Friday.

Among the lineup, Morgan Stanley’s Bitcoin Trust (MSBT) was the exception, adding $9.3 million in net inflows. That means while the day’s overall flow picture turned negative, capital was not uniformly leaving every product—some funds still attracted incremental demand.

Altcoin ETF demand holds: Ether and XRP keep flowing

What stands out in Friday’s broader ETF flow data is the divergence between Bitcoin and parts of the altcoin complex. Ether and XRP ETFs continued to receive net inflows despite the reversal in Bitcoin.

SoSoValue reported that US spot Ether ETFs added $102.2 million in net inflows on Friday. Ether funds had last recorded net outflows on Aug. 11, highlighting that Friday’s gains appear to extend a recovery or at least a stable demand pattern.

For XRP, SoSoValue data showed $26.2 million in net inflows on Friday. The XRP funds last saw net outflows on Aug. 5, suggesting that this category has also been able to hold up through periods when Bitcoin ETF flows have weakened.

This separation matters for investors because it suggests that not all “risk-on” or “risk-off” behavior is being expressed through Bitcoin ETFs alone. If inflows into Ether and XRP persist while Bitcoin ETFs experience intermittent pullbacks, it can indicate more selective positioning across major digital asset categories rather than a blanket rotation away from crypto.

Solana ETFs hit new milestones amid sustained momentum

Solana ETFs also remained resilient. Bloomberg ETF analyst Eric Balchunas said Friday that the Solana ETF category has accumulated $1.7 billion in cumulative flows without a sustained stretch of outflows. He described the broader backdrop as a difficult first half for crypto, referring to it as a “nightmare downturn,” but still characterized the Solana ETF performance as “impressive.”

Balchunas also noted that Bitwise’s Solana ETF became the first in the category to cross the $1 billion mark, underscoring how the product lineup is beginning to show clearer scale differences. While the report did not specify the exact date of the milestone within the message, it ties the achievement to the ongoing flow momentum across the category.

Taken together, the Solana and multi-asset flow pattern suggests that investors may be distributing exposure across several single-asset ETF themes rather than concentrating only on Bitcoin—at least during this particular stretch of market activity.

What to watch next

Friday’s data shows how quickly Bitcoin ETF inflows can turn when price action softens, even if broader monthly totals remain positive. Traders and long-term ETF investors will likely focus on whether outflows persist over the next sessions or if the category quickly re-establishes net inflow momentum, while also keeping an eye on whether Ether, XRP, and Solana funds continue to attract assets alongside—or independently of—Bitcoin.