The U.S. spot Bitcoin ETF had a net outflow of US$201.8 million on August 28, ending a nine-day trend of capital inflows, and the Bitcoin price fell below US$78,000.
Key Points
Bitcoin ETF flowed out of US$201.8 million on Friday (August 28), compared with more than US$3 billion flowing into these funds in the previous nine trading days.
ARK21 Shares led the divestment, with an outflow of US$114.9 million; Morgan Stanley's Bitcoin Trust was the only fund to record inflows.
Despite the reversal of Bitcoin, altcoin ETF products are still attracting capital inflows.
Bitcoin ETF outflows
data showed that before Friday's reversal, net inflows totaled more than US$3 billion in nine consecutive trading days. Overall growth remained positive in August, with a net inflow of US$3.3 billion, leaving only one US trading day. The fund's total assets fell back to $97.6 billion after breaking through $100 billion on Thursday.
ARK21 Shares led Friday's Bitcoin ETF divestment, with an outflow of $114.9 million. Bitwise Bitcoin ETF shed $49.7 million, and BlackRock's iShares Bitcoin Trust shed $33.4 million. Morgan Stanley's Bitcoin Trust was the only fund to record an inflow of $9.3 million.
Meanwhile, the Ethereum ETF added $102.2 million on Friday, while the XRP fund received $26.2 million. The last time these two categories experienced net outflows was on August 11 and August 5, respectively.
ETF analysts said that the cumulative capital flow of the Solana ETF has reached US$1.7 billion and there has been no sustained withdrawal period. Bitwise's Solana ETF also became the first fund in the category to break the $1 billion mark, a performance that analysts called "impressive" despite experiencing a "nightmarish downturn" in the first half.
This divergence is not a complete retreat for U.S. cryptocurrency ETFs. Even as the Bitcoin fund reverses, capital continues to flow into multiple altcoin products, dividing the flow of funds between major assets.
Bitcoin ETF demand grew steadily before Friday, bringing in more than $3 billion in inflows for nine consecutive trading days. Even after a reversal of $201.8 million, net flows remained positive at $3.3 billion in August, but total assets fell below the $100 billion threshold.

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