The nine-day run of net inflows into US spot Bitcoin ETFs just ended: on Friday, the funds saw a combined net outflow of $201.8 million. ARK 21Shares led the pack in outflows. As markets shifted, total assets under management for these ETFs dropped below the $100 billion mark, and Bitcoin itself dipped under $78,000.

What Happened

After nine straight days of inflows, US spot Bitcoin ETFs flipped the script and posted net outflows. ARK 21Shares saw the largest outflow of the day. With this move, total ETF assets slipped below $100 billion.

The Key Numbers

- Net outflow from US spot Bitcoin ETFs for the day: $201.8 million.
- Top outflow: ARK 21Shares.
- Combined ETF assets: now under $100 billion.

BTC Price Action

During the same period, Bitcoin fell below $78,000, tracking the reversal in ETF flows. While the article doesn’t pin down a specific reason for the price move, the timing lines up with the ETF outflow shift.