Bitcoin ETF 6-Day Outflow Streak Shrinks 2026 Net Inflows to $536M

The US spot Bitcoin exchange-traded fund market recorded its sixth consecutive day of outflows on Friday, reducing year-to-date net inflows to $536 million. Friday's outflows totaled $105.2 million, with BlackRock's iShares Bitcoin Trust (IBIT) losing $68.9 million and Fidelity Wise Origin Bitcoin Fund (FBTC) recording outflows of $36.3 million. Since May 14—the last recorded net inflow date across all funds—the Bitcoin ETF market has experienced $1.55 billion in total outflows. Net inflows into the Bitcoin ETFs serve as a key metric for institutional demand for Bitcoin and fresh capital flowing into crypto markets.

Institutional Positioning Shifts

Institutional market maker Jane Street reduced its Bitcoin ETF holdings by approximately 70% in the first quarter. Investment bank Goldman Sachs reduced its Bitcoin ETF position by 10%.

Fund Performance Comparison

IBIT has generated net inflows of $2.7 billion year-to-date in 2026. However, this pace trails the $25 billion in inflows the fund received during 2025. Most competitors have recorded reduced flows in 2026. The US-based spot Ether ETFs have recorded net outflows so far in 2026, while new altcoin ETFs have not captured the same demand as their predecessors.

New Product Launches

The Morgan Stanley Bitcoin Trust ETF (MSBT) launched on April 8 and has attracted $264 million in net inflows to date. This total places it above the Bitcoin products offered by Invesco and WisdomTree, which launched in January 2024. MSBT offers a fee of 0.14%.

On Tuesday, asset manager Yorkville America requested to withdraw multiple crypto ETFs for Trump's media company, affecting the planned launch of a Bitcoin product for Truth Social that had been expected sometime in 2026. Bloomberg ETF analyst James Seyffart attributed Yorkville America's decision to the competitive landscape for Bitcoin ETFs, particularly MSBT's market-low fee structure.