Spot Bitcoin ETFs experienced $228 million in net outflows on Thursday, interrupting a three-day inflow streak. BlackRock’s iShares Bitcoin Trust led the outflows. Analysts pointed to Bitcoin’s rally facing headwinds, with data suggesting it may have been a relief rally. Elsewhere, Solana ETFs have demonstrated resilience, accumulating $1.5 billion in inflows despite a significant price drop since their launch.
A three-day inflow streak for U.S. spot Bitcoin exchange-traded funds ended on Thursday. According to SoSoValue data, the funds saw net outflows of $228 million as the price of BTC dipped below $71,000.
Total weekly inflows still held at $917.3 million heading into Friday’s session. Cumulative inflows for the year so far amount to $3.58 billion against outflows of $4.49 billion.
According to Farside data, BlackRock’s iShares Bitcoin Trust ETF led the outflows with $89 million. Fidelity’s Wise Origin Bitcoin Fund and the Bitwise Bitcoin ETF followed with $48 million and $46 million, respectively.
The slip came as analysts pointed to Bitcoin’s relief rally facing headwinds. According to CryptoQuant, Bitcoin’s rally above $73,000 was likely just a relief rally amid a persisting bear market.
Negative sentiment also affected altcoin ETFs, with Ether funds posting $91 million in outflows. XRP and Solana ETFs saw minor outflows of $6 million and $5 million, respectively.
Notably, Solana ETF outflows marked their first losses since early February. Year-to-date inflows for Solana ETFs have totaled roughly $200 million, compared to $86 million for XRP.
Bloomberg ETF analyst Eric Balchunas highlighted Solana ETF resilience despite a 57% price drop since launch. “Yet they managed to not only accumulate $1.5 billion in flows but not really give any of it up,” Balchunas stated on X.
He added that many institutions increased exposure to Solana in the fourth quarter of 2025. “Both are really good signs for the future,” he said.
