Bitcoin ETFs Pull in $175 M as Price Slides Below $80K

U.S. bitcoin exchange‑traded funds (ETFs) attracted $174.60 million in net inflows on Friday, even as Bitcoin’s price fell back below the $80,000 threshold.

Bitcoin ETF Activity

BlackRock’s IBIT fund was the primary driver, pulling in $117.38 million, while Fidelity’s FBTC added $57.22 million. The combined trading value for the bitcoin ETF group reached $2.95 billion and net assets closed at $101.25 billion.

Recent Performance

IBIT has accumulated $3.575 billion in inflows over the past 30 days, reinforcing its role as the leading institutional gateway to Bitcoin.

Other Crypto ETFs

Ether ETFs posted $26.46 million in net inflows. BlackRock’s ETHA contributed $57.79 million and ETHB added $16.44 million. Total Ether ETF trading value was $813.59 million, with net assets at $15.57 billion.

HYPE ETFs returned to positive territory, with Bitwise’s BHYP receiving the full $10.52 million inflow.

Solana ETFs experienced outflows of $5.21 million, led by Bitwise’s BSOL ($2.79 million) and Fidelity’s FSOL ($2.41 million). XRP ETFs recorded no net flows.

Macro Context

The U.S. labor market showed stronger‑than‑expected growth, with non‑farm payrolls rising by 162,000 in August and unemployment holding at 4.1 %. These figures have refocused market attention on the Federal Reserve’s September rate outlook, a factor that may influence crypto‑related investment decisions.