Bitcoin ETF outflows hit $201.8 million on Friday, ending nine consecutive sessions of net inflows and pulling total spot Bitcoin ETF assets back below the $100 billion mark. The reversal came as BTC slipped under $78,000, while Ether, XRP, and Solana funds continued to attract capital.
ARKB and BITB Lead the Withdrawal
The ARK 21Shares Bitcoin ETF (ARKB), which trades on the Cboe BZX Exchange and tracks the CME CF Bitcoin Reference Rate – New York Variant, led Friday’s Bitcoin ETF outflows with $114.9 million in net withdrawals, per Farside Investors data.
The Bitwise Bitcoin ETF (BITB) followed with $49.7 million in outflows. BlackRock’s iShares Bitcoin Trust ETF (IBIT) shed $33.4 million, a modest figure relative to its scale: the fund’s annual 10-K filing shows net assets of $67.4 billion at 31 December 2025, up from $51.5 billion a year earlier.
Morgan Stanley’s Bitcoin Trust (MSBT) was the sole fund in the green, adding $9.3 million. Total net assets across US spot Bitcoin ETFs fell to $97.6 billion after having topped $100 billion the prior session.
The nine-session inflow run had accumulated more than $3 billion in net inflows before Friday’s reversal. August’s cumulative flows still sit at $3.3 billion with one US trading session remaining in the month.
Solana ETF Category Builds Momentum as BSOL Crosses $1 Billion in Inflows
While Bitcoin funds reversed, the Solana ETF category posted its strongest 10-day stretch on record. Data cited by BigGo Finance, sourcing Glassnode, shows $138 million in net inflows across Solana spot ETFs over that window, including a single-day record of $47 million.
Bloomberg ETF analyst Eric Balchunas noted the category had drawn $1.7 billion in cumulative flows without a sustained outflow period. Within that, Bitwise’s Solana Staking ETF (BSOL) became the first fund in the category to cross $1 billion in cumulative net investor inflows.
A precision point worth holding: the $1 billion milestone is cumulative inflows, not current assets under management. The Block reports BSOL’s AUM sat at approximately $760–770 million as of 24 August 2026, with shares down roughly 40–41% from their listing price and SOL approximately 60% below its all-time high. Inflows outpacing AUM is what a persistent bear market looks like in fund mechanics.
Bitwise Asset Management described the majority of BSOL’s inflows as having come during a bear market, calling the milestone “an impressive indication of investor conviction,” per The Block. SOL prices rose nearly 45% in the month preceding the milestone report on 28 August 2026.
BSOL launched on NYSE Arca on 28 October 2025 with a 0.20% annual management fee, waived to 0.00% for the first three months on the first $1 billion in assets. At the time of the milestone, the fund held approximately 9.33 million SOL, with 96% of assets staked through a Helius-powered programme generating a 5.80% net reward rate.
Ether and XRP Funds Hold Their Ground
Ether ETFs added $102.2 million on Friday and XRP funds took in $26.2 million, according to SoSoValue data. Neither category has recorded net outflows since 11 August and 5 August, respectively.
The divergence between Bitcoin ETF outflows and continued inflows into Ether, XRP, and Solana products reflects a rotation that has been building through August: as BTC price action stalls, rotational demand is finding its way into alternative asset ETFs rather than exiting the space entirely.
With one August session remaining and Bitcoin sitting below $78,000, Friday’s close is the level to watch: a BTC recovery above that threshold before month-end would determine whether August’s $3.3 billion net inflow figure holds or gets trimmed further.
