Crypto: Bitcoin Relief Rally Hits Wall As Spot Etfs Log $228m In Outflows
US spot Bitcoin ETFs saw $228 million in outflows Thursday, ending a three-day inflow streak, while Solana ETFs posted their first losses since February.
The latest streak of inflows in US spot Bitcoin exchange-traded funds (ETFs) was interrupted by fresh outflows as the BTC price dipped below $71,000 on Thursday.
Spot Bitcoin (BTC) ETFs saw $228 million in net outflows on Thursday, ending the three-day inflow streak of about $1.1 billion, according to SoSoValue data.
While weekly inflows still held at $917.3 million heading into Friday’s session, year-to-date net outflows rose to around $900 million. Cumulative inflows in 2026 so far amount to $3.58 billion, while cumulative outflows total $4.49 billion.
Total assets under management remained above $90 billion after reclaiming the threshold earlier this week.
According to Farside data, BlackRock’s iShares Bitcoin Trust ETF (IBIT) led outflows with $89 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) at $48 million and the Bitwise Bitcoin ETF (BITB) at $46 million.
The slip in spot Bitcoin ETFs came as analysts pointed to BTC’s relief rally facing headwinds amid a persisting bear market.
Related: Bitcoin is forming a bottom as the 4-year cycle ends: VanEck CEO
According to CryptoQuant, Bitcoin’s rally above $73,000 was “likely just a relief rally” rather than the start of a new bull phase. The observation aligns with the analysts’ previous forecasts that BTC could fall below $60,000 amid the ongoing crypto winter.
Negative sentiment hit altcoin ETFs, with Ether (ETH) funds posting $91 million in outflows. XRP (XRP) and Solana (SOL) also saw minor outflows of $6 million and $5 million, respectively.
