The US spot Bitcoin exchange-traded fund market is inching toward net outflows for 2026 after six straight days of capital flight.
Net inflows have dropped to $536 million after Friday's $105.2 million bleed. BlackRock’s iShares Bitcoin Trust lost $68.9 million, and the Fidelity Wise Origin Bitcoin Fund shed $36.3 million.
This marks $1.55 billion in total outflows since May 14, the last net inflow day. Institutional demand, a key barometer for crypto capital flows, is weakening.
Jane Street slashed its Bitcoin ETF holdings by 70% in Q1, while Goldman Sachs cut its position by 10%. Most inflows this year have come from BlackRock’s IBIT, totaling $2.7 billion-but that's far off 2025's pace.
On the brighter side, the Morgan Stanley Bitcoin Trust ETF launched April 8 and has already attracted $264 million, surpassing products from Invesco and WisdomTree.
A proposed Bitcoin ETF for Donald Trump-backed Truth Social was withdrawn by sponsor Yorkville America, with Bloomberg analyst James Seyffart citing fierce competition-especially Morgan Stanley's ultra-low 0.14% fee.