The spot Bitcoin ETF ended three days of net inflows, with a single-day outflow of $228 million

The inflow trend of U.S. spot Bitcoin ETFs has been interrupted. Data shows that as Bitcoin's price fell below $71,000, U.S. spot Bitcoin ETFs experienced a net outflow of $228 million on Thursday, ending a previous three-day streak of approximately $1.1 billion in net inflows.

Specifically, the outflows mainly came from iShares Bitcoin Trust (approximately $89 million), Fidelity Wise Origin Bitcoin Fund (approximately $48 million), and Bitwise Bitcoin ETF (approximately $46 million). Nevertheless, as of Friday this week, U.S. spot Bitcoin ETFs still maintained a net inflow of about $917 million, with assets under management (AUM) remaining above $90 billion.

Analysts pointed out that the recent rebound of Bitcoin above $73,000 is more likely a "relief rally" rather than the start of a new bull market. Some institutions have previously warned that under the current adjustment cycle of the cryptocurrency market, Bitcoin's price could still fall below $60,000.

In terms of other crypto ETFs, Ethereum-related funds saw an outflow of approximately $91 million that day; XRP and Solana ETFs also recorded small outflows of $6 million and $5 million, respectively. Notably, the Solana ETF experienced its first outflow since early February. Despite this, market data shows that Solana has attracted approximately $1.5 billion in inflows since the launch of its spot ETF in July 2025, indicating that institutional funds are willing to maintain a strong allocation preference.