Bitcoin ETF Inflow Streak Ends as Price Dips Below $78K
US-listed spot Bitcoin exchange-traded funds (ETFs) ended a nine-day streak of inflows as Bitcoin dipped below $78,000. The reversal was marked by $201.8 million in net outflows on Friday, following more than $3 billion of net inflows during the previous nine sessions.
The nine-day streak had seen total assets top $100 billion, but after this week's outflows, they fell to $97.6 billion. The ARK 21Shares Bitcoin ETF (ARKB) led the way with $114.9 million in net outflows, followed by the Bitwise Bitcoin ETF (BITB) with $49.7 million.
However, not all funds experienced outflows. Morgan Stanley's Bitcoin Trust (MSBT) recorded a modest inflow of $9.3 million. In contrast, Ether and XRP ETFs continued to see inflows, adding $102.2 million and $26.2 million respectively.