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Bitcoin ETF investors finally blinked after a $3 billion buying spree

Bitcoin ETF investors finally blinked after a $3 billion buying spree

US-listed Bitcoin exchange-traded funds (ETFs) lost $201.9 million Friday, ending a nine-day inflow streak as Ethereum, XRP and Solana funds kept attracting cash.

The reversal came as Bitcoin fell about 3.2% to $77,696 on Aug. 28. Meanwhile, Ethereum, XRP and Solana ETFs attracted a combined $145 million in net inflows.

The split shows Friday’s weakness was concentrated in Bitcoin rather than across the US crypto ETF market. It does not establish that investors directly rotated from Bitcoin into other assets because fund-level data does not identify individual buyers.

Notably, Bitcoin ETFs still finished the five sessions through Aug. 28 with about $924.5 million of net inflows, leaving their broader weekly demand positive despite the…

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