US spot Bitcoin ETFs recorded $201.81 million in net outflows on Friday, ending a nine-day winning streak that brought roughly $3.044 billion into the funds. Total assets under management across the 12 listed products fell back below $100 billion to approximately $96.5 billion. Bitcoin briefly climbed above $81,000 during a rally linked to US Treasury buyback operations that improved liquidity across risk assets, but later dropped below $78,000, encouraging institutional holders to reduce exposure. ARK 21Shares’ ARKB led withdrawals with $114.89 million, followed by Bitwise’s BITB at $49.69 million, BlackRock’s IBIT at $33.40 million and VanEck’s HODL at $13.17 million. Morgan Stanley’s MSBT was the only fund to post an inflow, attracting $9.34 million. The streak ran from August 17 through August 27 and peaked at $606.29 million on August 20, making Friday’s loss roughly a 6.6% giveback of the earlier inflows. Holdings across the 12 funds remain near 1.244 million BTC. BlackRock’s IBIT retained its lead in cumulative net gains for the year, according to Farside Investors, SoSoValue and Sats Intel, and the single-day redemption did not materially alter its longer-term record of attracting institutional capital.