2 hours ago
US-listed spot Bitcoin exchange-traded funds (ETFs) ended a nine-day inflow streak arsenic Bitcoin fell beneath $78,000, portion respective altcoin ETF categories continued to spot inflows.
Bitcoin ETFs recorded $201.8 cardinal successful nett outflows connected Friday, ending 9 consecutive trading sessions of inflows, according to SoSoValue data.
The reversal followed much than $3 cardinal of nett inflows during the nine-session run, portion August flows remained affirmative astatine $3.3 cardinal with 1 US trading league near successful the month. Total nett assets fell to $97.6 cardinal aft topping $100 cardinal connected Thursday.
Daily flows into US spot Bitcoin ETFs since Aug. 14, successful USD. Source: SoSoValue
The Bitcoin ETF reversal contrasts with continued inflows into Ether and XRP funds, portion Solana ETFs person reached caller plus milestones.
ARK 21Shares leads Bitcoin ETF outflows
The ARK 21Shares Bitcoin ETF (ARKB) led Friday’s withdrawals with $114.9 cardinal successful nett 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 cardinal successful outflows.
US spot Bitcoin ETF flows connected Friday. Source: Farside Investors
Morgan Stanley’s Bitcoin Trust (MSBT) was the lone money to grounds inflows Friday, adding $9.3 million.
Ether, XRP ETFs subordinate Bitcoin outflows
Ether and XRP ETFs continued to spot inflows Friday contempt the reversal successful Bitcoin funds, adding $102.2 cardinal and $26.2 million, respectively, according to SoSoValue data. The funds past recorded nett outflows connected Aug. 11 and Aug. 5, respectively.
Solana ETFs person besides maintained affirmative momentum. Bloomberg ETF expert Eric Balchunas said Friday that the class had attracted $1.7 cardinal successful cumulative flows without a sustained agelong of outflows.
Related: Solana validators o.k. connection to accelerate SOL disinflation
Bitwise’s Solana ETF besides became the archetypal money successful the class to transverse the $1 cardinal mark, according to the analyst.
Balchunas called the show “impressive” contempt what helium described arsenic a “nightmare downturn” successful the archetypal fractional of the year.
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