U.S. spot bitcoin ETFs on Friday logged $558.4 million worth of net ouflows, the largest single-day outflow sum since Aug. 1, as Bitcoin’s price hovers around the $100,000 mark.
Fidelity’s FBTC fund, the second-largest spot bitcoin ETF by assets under management (AUM), logged $256.7 million worth of outflows, per SoSoValue data, the most of any fund. Ark & 21Shares’ ARKB fund logged the second-highest outflows with $144.2 million on Friday, though those outflows were the highest of any fund when taking into account the funds’ overall AUM. BlackRock’s industry-leading IBIT fund shed $131.4 million, the third-most in dollar value.
Friday’s moves marked the seventh day of net outflows out of the last eight trading days, failing to continue Thursday’s inflows that had halted a six-day outflow streak. IBIT, FBTC, and ARKB had also logged the most significant inflows of any bitcoin ETF on Thursday.
The recent moves have somewhat lessened IBIT’s dominance in the market, with its market share currently at about 73.2%, according to The Block’s data, down from its three-month high of 82.3% marked in mid-September. IBIT holds nearly 4% of all BTC in its fund.
The price of BTC has traded mostly flat over the past 24 hours, down about 0.62% to its current price of $101,985, according to The Block’s Bitcoin Price page. Despite the volatility, JPMorgan analysts recently projected that the price of the world’s largest cryptocurrency could rise to around $170,000 over the next six to 12 months, The Block previously reported.
Solana ETFs continue their streak
Though spot Ethereum ETFs saw modest outflows on Friday of $46.6 million, per SoSoValue data, spot Solana ETFs continued their nine-day ongoing net inflow streak with $12.7 million in inflows recorded on Friday.
The majority of the inflows continue to accrue to Bitwise’s BSOL fund, which has logged $323.8 million worth of cumulative net inflows since the fund launched on Oct. 28; Grayscale’s GSOL, which launched the day after and charges a higher fee of 0.35% compared to BSOL’s 0.20% (though both funds are currently temporarily waiving fees), has seen only $11.9 million worth of cumulative net inflows.
The price of solana is currently down about 2.9% in the past 24 hours, according to The Block’s Solana Price page, currently trading at $157.66.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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