Bitcoin ETFs Bleed $105M as Outflow Streak Hits 6 Days
US spot Bitcoin ETFs recorded $105.2 million in outflows on Friday, marking six consecutive losing days. Net inflows for 2026 now stand at $536 million as institutional demand wanes, with IBIT and FBTC leading exits, while new entrant Morgan Stanley Bitcoin Trust ETF gains traction.
Quick Take
US Bitcoin ETFs suffer $1.55B in outflows since May 14.
BlackRock’s IBIT and Fidelity’s FBTC lead daily losses.
Morgan Stanley Bitcoin Trust ETF bucks trend with $264M inflows.
Weak institutional demand dims 2026 outlook for Bitcoin ETFs.
Market Impact Analysis
BearishETF outflows reduce buy pressure on Bitcoin spot markets, potentially pressuring prices.
Speculation Analysis
Key Takeaways
- US spot Bitcoin ETFs have bled $1.55 billion since May 14, with six consecutive days of outflows.
- BlackRock’s IBIT and Fidelity’s FBTC led Friday’s $105.2 million exodus.
- Year-to-date net inflows have collapsed to just $536 million, signaling weak institutional demand.
- Morgan Stanley’s low-fee MSBT bucks the trend, attracting $264 million since early April.
- The ETF category risks its first net outflow year since launch if the bleeding continues.
What Happened
US spot Bitcoin ETFs logged their sixth consecutive day of outflows on Friday, bleeding another $105.2 million. BlackRock’s iShares Bitcoin Trust (IBIT) lost $68.9 million while Fidelity’s Wise Origin Bitcoin Fund (FBTC) shed $36.3 million. No other fund recorded inflows. Since the last net inflow on May 14, the category has hemorrhaged $1.55 billion. The streak has pushed 2026 net inflows down to a precarious $536 million, putting the funds on track for their first annual net outflow since launching in 2024. The lone bright spot: Morgan Stanley’s new Bitcoin Trust ETF (MSBT) has attracted $264 million since its April 8 debut.
The Numbers
The data paints a stark picture of waning demand. Friday’s $105.2 million outflow extended the losing streak to six days, the longest such stretch in 2026. IBIT’s $68.9 million loss and FBTC’s $36.3 million accounted for the bulk of the day’s damage. Year-to-date net inflows now sit at just $536 million, a fraction of the billions poured in during prior years. While IBIT still holds $2.7 billion in 2026 inflows, that pace lags far behind the $25 billion it captured in 2025. Meanwhile, institutional heavyweights are retreating: Jane Street slashed its Bitcoin ETF holdings by roughly 70% in Q1, and Goldman Sachs trimmed its position by 10%.
Why It Happened
Shrinking institutional appetite is the core driver. Major players like Jane Street and Goldman Sachs reduced exposure in early 2026, signaling a broader retreat from risk assets. The launch of MSBT at a rock-bottom 0.14% fee intensifies competition, siphoning flows from incumbents. But overall demand remains depressed—no fresh catalysts have emerged to reignite interest, and risk-off sentiment lingers. Without new narratives or regulatory clarity, Bitcoin ETFs struggle to attract fresh capital, leaving the market in a slow bleed.
Broader Impact
The ETF flow data serves as a real-time barometer for institutional conviction in Bitcoin. Sustained outflows could add selling pressure to spot markets, potentially weighing on BTC prices. Conversely, MSBT’s early success hints that ultra-low-fee products can still draw interest, pressuring incumbents to slash fees. The SEC’s openness to more crypto ETFs, including prediction-market products, may eventually reshape the landscape, but hasn’t yet revived demand.
What to Watch Next
- Monitor daily ETF flow data for a break in the losing streak—a single day of net inflows could signal a sentiment shift.
- Track MSBT versus IBIT flows to see if the low-fee strategy continues gaining share.
- Watch for macro triggers like Fed policy shifts or regulatory clarity that could reignite institutional interest.
This article is for informational purposes only and does not constitute financial advice.
Always late to trends?
Join for the latest news, insights & more.
Disclaimer: Bytewit is an independent media outlet that delivers news, research, and data.
© 2026 Bytewit. All Rights Reserved. This article is for informational purposes only.
