U.S. spot Bitcoin exchange-traded funds posted $201.9 million in net outflows on Aug. 28, ending a nine-session streak of net inflows, according to SoSoValue data. The reversal was led by ARK Invest’s ARKB, which saw $114.9 million leave the fund. Bitwise’s BITB recorded $49.7 million in outflows, while BlackRock’s IBIT lost $33.4 million and VanEck’s HODL saw $13.2 million in redemptions. Morgan Stanley’s MSBT bucked the trend with $9.3 million in net inflows.
At the same time, Bloomberg ETF analyst James Seyffart reported that advisors are actively buying Bitcoin and Ethereum, with 13F data signaling renewed institutional interest in the crypto space. The data also points to growing attention on Solana, suggesting money may be rotating back into digital assets despite short-term ETF flow volatility.
The mixed picture underscores how daily ETF flows are becoming a closely watched proxy for institutional sentiment, while advisor allocations may reflect a longer-term positioning trend. Market participants are likely to monitor upcoming flow data to determine whether the Aug. 28 outflows are a one-day blip or the start of a broader pullback.
