Bitcoin ETFs Lose $202 Million as Solana’s Largest Fund Crosses $1 Billion

By Isaac • August 29, 2026 7:10 am •

Wall Street’s Bitcoin funds finally blinked Friday—but demand kept building elsewhere in crypto.

U.S. spot Bitcoin exchange-traded funds recorded $201.9 million in net outflows on August 28, ending a nine-session inflow streak that had pulled in more than $3 billion. At the same time, demand for Solana funds kept moving in the other direction, with Bitwise’s Solana ETF crossing $1 billion in assets.

That split matters more than one ugly Bitcoin print. It shows investors are becoming more selective inside crypto rather than treating the entire market as one trade.

Cointelegraph reported that ARK 21Shares led Friday’s Bitcoin withdrawals with $114.9 million leaving ARKB, followed by $49.7 million from Bitwise’s BITB, $33.4 million from BlackRock’s IBIT,