The US spot Bitcoin ETFs experienced $228 million in outflows on Thursday, which marked the conclusion of a three-day inflow streak. Meanwhile, the Solana ETFs experienced their first losses since February.
Fresh outflows stopped the most recent string of inflows into US spot Bitcoin exchange-traded funds (ETFs) on Thursday, when the price of BTC fell below $71,000.
According to SoSoValue statistics, spot Bitcoin (BTC) $70,282 ETFs experienced $228 million in net outflows on Thursday, snapping a three-day inflow streak of almost $1.1 billion.
Weekly inflows stayed at $917.3 million going into Friday’s session, but year-to-date net outflows surged to over $900 million. So far in 2026, there have been $3.58 billion in total inflows and $4.49 billion in total outflows.
After going past the $90 billion mark earlier this week, total assets under management stayed above that level.
Source: SoSoValue
BlackRock’s IBIT leads outflows
Farside data shows that BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw the most outflows, with $89 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) came in second with $48 million, and the Bitwise Bitcoin ETF (BITB) came in third with $46 million.
The drop in spot Bitcoin ETFs came after analysts said that BTC’s relief rally was encountering problems in a bear market that wasn’t going away, indicating that investor confidence may be waning as they anticipate further declines in Bitcoin’s price.
Analysts warn of possible relief rally
CryptoQuant says that Bitcoin’s rise above $73,000 was probably merely a “relief rally” and not the start of a new bull phase. This observation fits with what the analysts had said before: that BTC might drop below $60,000 during the current crypto winter.
Solana ETFs are still doing well, even if the price has dropped 57% since they started.
Negative feelings hurt altcoin ETFs, as Ether (ETH) $2,053 funds lost $91 million in value. XRP (XRP $1.40) and Solana (SOL $87.15) also lost a small amount of money, $6 million and $5 million, respectively.
It’s worth noting that the Solana ETF outflows were the first losses since early February. So far this year, inflows have been about $200 million. XRP, on the other hand, has gotten $86 million in inflows.
Institutional interest in Solana remains strong
Eric Balchunas, an ETF analyst at Bloomberg, claimed in a post on X that Solana’s ETFs had brought in $1.5 billion in total, even though SOL’s price has dropped 57% since spot ETFs started trading in July.
Balchunas added, but they were able to get $1.5 billion in flows and keep all of it. Several institutions had expanded their exposure to Solana in the fourth quarter of 2025, indicating a growing confidence in the asset despite the price drop.