Bitcoin ETF inflows snap after $3 billion streak as ETH, XRP and Solana keep buying

US-listed Bitcoin exchange-traded funds (ETFs) misplaced $201.9 million Friday, ending a nine-day influx streak as Ethereum, XRP and Solana funds saved attracting money.

The reversal got here as Bitcoin fell about 3.2% to $77,696 on Aug. 28. Meanwhile, Ethereum, XRP and Solana ETFs attracted a mixed $145 million in internet inflows.

The break up exhibits Friday’s weak point was concentrated in Bitcoin relatively than throughout the US crypto ETF market. It doesn’t set up that traders straight rotated from Bitcoin into different belongings as a result of fund-level knowledge doesn’t determine particular person patrons.

Notably, Bitcoin ETFs nonetheless completed the 5 periods by way of Aug. 28 with about $924.5 million of internet inflows, leaving their broader weekly demand constructive regardless of the streak ending.

Therefore, the one-day divergence doesn’t set up a rotation away from Bitcoin. Instead, it marks a short pause in a market that has attracted important inflows.

Bitcoin loses a key supply of breakout assist

According to Farside Investors data, ARK 21Shares’ ARKB led Friday’s withdrawals with $114.9 million, adopted by Bitwise’s BITB at $49.7 million.

BlackRock’s IBIT misplaced $33.4 million after driving a lot of the previous buying run, whereas VanEck’s HODL shed $13.2 million. A $9.3 million influx into Morgan Stanley’s Bitcoin Trust partly offset these redemptions.

The adverse session interrupted a nine-day run that had absorbed $3.0442 billion and emerged as one of many strongest sources of assist behind Bitcoin’s late-August restoration.

Ecoinometrics, a Bitcoin-focused analysis agency, had described the streak as the most important uninterrupted ETF buying run of the present bear market, with cumulative demand reaching roughly the dimensions seen round Bitcoin’s 2025 all-time high.

It added:

“Since this breakout started, we have now seen nothing however inflows. More importantly, the cumulative buying has now made this the strongest streak of ETF inflows of your entire bear market.”

Friday erased solely about 6.6% of that nine-session haul. But the reversal coincided with weaker value motion, as Bitcoin closed close to $77,696 and reported buying and selling quantity rose to roughly $39.47 billion from $34.03 billion.

The ETF complicated additionally stays a lot bigger than its newer crypto counterparts. Since launch, US Bitcoin ETFs have attracted about $54.6 billion of internet inflows and handle roughly $97 billion in belongings.

That scale makes a single $201.9 million withdrawal comparatively small in cumulative phrases, however additional outflows would weaken one of many demand indicators that accompanied Bitcoin’s current breakout.

Ethereum, XRP and Solana prolong their buying streaks

The remainder of the foremost US crypto ETF market moved in the wrong way to Bitcoin in the course of the Friday buying and selling session.

Ethereum ETFs added $102.1 million, extending their influx streak to 10 periods and greater than $1.5 billion. The merchandise have attracted about $12.97 billion since launch and now handle roughly $15.2 billion.

XRP ETFs recorded roughly $26 million of inflows, taking their very own nine-session streak to round $150 million. Cumulative internet inflows have reached roughly $1.6 billion, with belongings below administration close to $1.4 billion.

Solana ETFs added $17.3 million, extending a nine-day run that has introduced in about $200 million. The merchandise have attracted roughly $1.2 billion since launch and handle about $1.43 billion.

The distinction leaves Bitcoin going through a extra particular demand take a look at when US markets reopen on Monday.

A fast return to Bitcoin ETF inflows would make Friday appear like a pause after an unusually robust buying run.

However, continued Bitcoin redemptions, whereas Ethereum, XRP, and Solana funds stay constructive, would level to a extra consequential divergence. This would counsel that institutional crypto demand is persisting however changing into much less concentrated available in the market’s largest asset.

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