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

US-listed Bitcoin exchange-traded funds (ETFs) lost $201.9 million Friday, ending a nine-day inflow streak as Ethereum, XRP and Solana funds kept attracting cash.

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

The split shows Friday’s weakness was concentrated in Bitcoin rather than across the US crypto ETF market. It does not establish that investors directly rotated from Bitcoin into other assets because fund-level data does not identify individual buyers.

Notably, Bitcoin ETFs still finished the five sessions through Aug. 28 with about $924.5 million of net inflows, leaving their broader weekly demand positive despite the streak ending.

Therefore, the one-day divergence does not establish a rotation away from Bitcoin. Instead, it marks a brief pause in a market that has attracted significant inflows.

Bitcoin loses a key source of breakout support

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

BlackRock’s IBIT lost $33.4 million after driving much of the preceding buying run, while VanEck’s HODL shed $13.2 million. A $9.3 million inflow into Morgan Stanley's Bitcoin Trust partly offset those redemptions.