Bitcoin ETFs end 9-day inflow streak as BTC dips below $78K

US-listed spot Bitcoin exchange-traded funds (ETFs) ended a nine-day inflow streak as Bitcoin fell below $78,000, while several altcoin ETF categories continued to see inflows.

Bitcoin ETFs recorded $201.8 million in net outflows on Friday, ending nine consecutive trading sessions of inflows, according to SoSoValue data.

The reversal followed more than $3 billion of net inflows during the nine-session run, while August flows remained positive at $3.3 billion with one US trading session left in the month. Total net assets fell to $97.6 billion after topping $100 billion on Thursday.

The Bitcoin ETF reversal contrasts with continued inflows into Ether and XRP funds, while Solana ETFs have reached new asset milestones.

The ARK 21Shares Bitcoin ETF (ARKB) led Friday’s withdrawals with $114.9 million in net outflows, followed by the Bitwise Bitcoin ETF (BITB) with $49.7 million, according to Farside Investors data.

BlackRock’s iShares Bitcoin Trust ETF (IBIT), the largest US spot Bitcoin ETF by assets, recorded $33.4 million in outflows.

Morgan Stanley’s Bitcoin Trust (MSBT) was the only fund to record inflows Friday, adding $9.3 million.

Ether and XRP ETFs continued to see inflows Friday despite the reversal in Bitcoin funds, adding $102.2 million and $26.2 million, respectively, according to SoSoValue data. The funds last recorded net outflows on Aug. 11 and Aug. 5, respectively.

Solana ETFs have also maintained positive momentum. Bloomberg ETF analyst Eric Balchunas said Friday that the category had attracted $1.7 billion in cumulative flows without a sustained stretch of outflows.

Bitwise’s Solana ETF also became the first fund in the category to cross the $1 billion mark, according to the analyst.

Balchunas called the performance “impressive” despite what he described as a “nightmare downturn” in the first half of the year.