Spot Bitcoin ETF flows had been trending positive for three consecutive days, accumulating roughly $1.1 billion in inflows — then Thursday snapped the streak.
US spot Bitcoin ETFs recorded $228 million in net outflows on Thursday, according to SoSoValue data cited in the report. The reversal coincided with BTC‘s price slipping below $71,000. Weekly inflows still stood at $917.3 million heading into Friday’s session, but year-to-date net outflows climbed to approximately $900 million — the product of $3.58 billion in cumulative 2026 inflows against $4.49 billion in cumulative outflows.
Total assets under management held above $90 billion, a threshold the funds had only just reclaimed earlier in the week.
Who moved the most money out
BlackRock‘s iShares Bitcoin Trust ETF (IBIT) led Thursday’s outflows at $89 million, according to Farside data. Fidelity‘s Wise Origin Bitcoin Fund (FBTC) followed at $48 million, with the Bitwise Bitcoin ETF (BITB) close behind at $46 million.
The pullback arrived as analysts flagged caution around Bitcoin’s recent price recovery. CryptoQuant described the rally above $73,000 as “likely just a relief rally” rather than the start of a new bull phase — a position consistent with earlier forecasts from the same analysts that BTC could fall below $60,000 during the ongoing crypto winter.
Altcoin ETFs take a hit — except Solana’s longer record
Negative sentiment extended across the altcoin ETF space. Ether funds saw $91 million in outflows. XRP and Solana ETFs posted minor outflows of $6 million and $5 million, respectively.
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The Solana figure carried particular weight: Thursday marked the first outflow day for SOL ETFs since early February. Year-to-date, Solana ETFs have still accumulated approximately $200 million in net inflows, compared to $86 million for XRP.
The broader picture for Solana ETFs is more striking. Despite a 57% drop in SOL‘s price since spot Solana ETFs launched in July, the funds have accumulated $1.5 billion in cumulative inflows. Bloomberg ETF analyst Eric Balchunas noted on X that institutions have not only sustained that capital — they have grown their exposure. “Yet they managed to not only accumulate $1.5 billion in flows but not really give any of it up,” he said, pointing to increased institutional Solana exposure in the fourth quarter of 2025. “Both are really good signs for the future,” Balchunas added.
The immediate consequence on the Bitcoin side is clear: with year-to-date net outflows now near $900 million, Friday’s session opens as the next data point on whether Thursday’s reversal holds or reverses again.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial or investment advice.
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