Bitcoin ETF Outflows End Nine-Day Streak as Altcoin Funds Continue to Attract Investors

US-listed spot Bitcoin exchange-traded funds (ETFs) saw a reversal in inflows on Friday, ending a nine-day streak of net inflows. The total net assets for these funds fell to $97.6 billion after reaching a high of over $100 billion the previous day.

The outflows were led by the ARK 21Shares Bitcoin ETF (ARKB) with $114.9 million in net withdrawals, followed closely by Bitwise's Bitcoin ETF (BITB) with $49.7 million. Meanwhile, BlackRock's iShares Bitcoin Trust ETF (IBIT), the largest US spot Bitcoin ETF by assets, recorded $33.4 million in outflows.

However, not all altcoin funds experienced outflows on Friday. Ether and XRP ETFs continued to attract new investors, with $102.2 million and $26.2 million respectively flowing into these funds. The Solana category also maintained its positive momentum, attracting over $1.7 billion in cumulative flows without a sustained stretch of outflows.