Bitcoin ETF Outflows End 9-Day Rally as BTC Tests $78K Support; XRP and Ether Funds Hold Gains
Bitcoin exchange-traded funds experienced their first outflows in over a week Friday as the asset dipped below $78,000, while XRP and Ether-focused funds continued attracting capital.
Bitcoin ETF Momentum Breaks
After nine consecutive trading sessions of sustained inflows totaling more than $3 billion, US spot Bitcoin exchange-traded funds reversed course Friday with approximately $201.8 million in net outflows, according to SoSoValue data. The reversal coincided with Bitcoin slipping below the $78,000 threshold, creating selling pressure across the largest funds in the category.
Major Bitcoin ETF providers experienced significant redemptions. The ARK 21Shares Bitcoin ETF led withdrawals with approximately $114.9 million in outflows, followed by Bitwise’s Bitcoin ETF at roughly $49.7 million, according to Farside Investors analysis. BlackRock’s iShares Bitcoin Trust, the category’s largest by assets, posted $33.4 million in outflows. Morgan Stanley’s Bitcoin Trust emerged as the exception, recording modest inflows of $9.3 million.
Despite the Friday pullback, August’s Bitcoin ETF performance remained positive, with approximately $3.3 billion in net inflows accumulated through the month. Total assets managed by US spot Bitcoin ETFs fell to $97.6 billion following the redemptions, retreating from Thursday’s brief crossover above $100 billion.
XRP and Ether Funds Demonstrate Institutional Demand
While Bitcoin-focused funds faced outflows, the broader digital asset ETF ecosystem showed institutional demand remained intact. Ether exchange-traded funds attracted approximately $102.2 million in fresh capital Friday, extending their positive momentum without sustained outflow periods since early August. XRP-focused funds also demonstrated investor appetite, capturing roughly $26.2 million in inflows on the same trading day.
The divergence between Bitcoin and alternative asset fund flows suggests a market increasingly differentiating between blockchain assets based on individual merit rather than treating digital assets as a monolithic category. XRP’s continued institutional flow momentum underscores growing confidence in assets positioned at the intersection of blockchain technology and traditional finance infrastructure.
Solana Reaches New Institutional Milestones
Solana’s emergence as an institutional investment category continued Friday’s broader narrative of sector diversification. The asset category has accumulated $1.7 billion in cumulative flows without experiencing significant sustained redemption periods, according to Bloomberg ETF analyst Eric Balchunas. Bitwise’s Solana ETF recently became the first fund in its category to cross the $1 billion asset milestone, a development Balchunas characterized as impressive given market conditions encountered earlier in 2026.
The layered performance across Bitcoin, Ethereum, XRP, and Solana ETF categories indicates institutional capital remains actively engaged with digital asset exposure, distinguishing between assets based on development trajectory and use-case maturity. XRP’s continued ETF inflows Friday suggest institutional confidence in blockchain infrastructure assets despite Bitcoin’s pullback.
Source: SoSoValue and Farside Investors, via Cointelegraph. Not financial advice.