US Spot Bitcoin ETFs Record $228M Outflows as BTC Falls Below $71K
The recent inflow streak in US spot Bitcoin ETFs came to a halt after investors pulled out roughly $228 million on Thursday. The outflows coincided with Bitcoin’s price dropping below the $71,000 mark, signaling renewed caution among institutional investors.
According to data from SoSoValue, the outflow ended a three-day streak of strong inflows that had brought in around $1.1 billion. Despite the sudden reversal, weekly inflows remained positive at approximately $917.3 million heading into Friday’s trading session.
So far in 2026, total inflows into spot Bitcoin ETFs have reached about $3.58 billion, while cumulative outflows stand at roughly $4.49 billion. This puts the year-to-date net flow close to $900 million in the negative.
Even with the recent withdrawals, the total assets under management across US spot Bitcoin ETFs stayed above $90 billion after reclaiming that level earlier in the week.
Among individual funds, BlackRock’s iShares Bitcoin Trust ETF led the outflows with $89 million leaving the fund. Fidelity’s Wise Origin Bitcoin Fund followed with $48 million in withdrawals, while Bitwise’s Bitcoin ETF recorded about $46 million in outflows.
Market analysts suggest that Bitcoin’s recent move above $73,000 may have been a temporary recovery rather than the beginning of a sustained bull market. Analysts from CryptoQuant believe the rally could represent a short-term relief bounce during an ongoing bearish phase. They previously warned that Bitcoin could still fall below $60,000 if market conditions remain weak.
Solana ETFs Show Resilience Despite Price Decline
While Bitcoin ETFs saw notable outflows, the broader crypto ETF market also experienced mixed investor sentiment. Ether ETFs recorded about $91 million in outflows, reflecting continued pressure in the altcoin market.
Smaller withdrawals were also reported from XRP and Solana ETFs, which saw outflows of approximately $6 million and $5 million respectively.
The withdrawals from Solana ETFs were particularly notable because they marked the first outflows since early February. Despite this, Solana-based funds have maintained strong inflow momentum throughout the year.
According to Bloomberg ETF analyst Eric Balchunas, Solana ETFs have attracted roughly $1.5 billion in cumulative inflows since their launch in July, even though the price of Solana has dropped about 57% during the same period.
Balchunas noted that the funds have managed to retain most of their capital despite the significant price decline. This resilience suggests continued institutional interest in the Solana ecosystem.
He also pointed out that many institutional investors increased their exposure to Solana during the fourth quarter of 2025. This growing institutional participation could be a positive indicator for the long-term outlook of Solana and its related investment products.
