1 day ago
US-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) snapped a five-day inflow streak totaling astir $1.7 cardinal arsenic Bitcoin dipped beneath $80,000.
Bitcoin funds logged $277.5 cardinal successful outflows connected Thursday, marking the archetypal regular outflows successful May, according to SoSoValue data.
Daily spot Bitcoin ETF flows since Friday. Source: SoSoValue
The Fidelity Wise Origin Bitcoin Fund (FBTC) led the outflows astatine $129 million, portion BlackRock’s iShares Bitcoin Trust ETF (IBIT) followed with $98 cardinal successful outflows, according to Farside.
The crisp reversal successful Bitcoin ETF flows came amid heightened Bitcoin volatility. Bitcoin rose supra $82,000 connected Wednesday earlier falling beneath the cardinal $80,000 level the adjacent day.
Morgan Stanley’s Bitcoin ETF remains resilient amid broader outflows
The Morgan Stanley Bitcoin Trust ETF (MSBT), the archetypal spot Bitcoin ETF launched by a US bank, recorded humble inflows of $7.3 cardinal connected Thursday. The money has not seen a azygous time of outflows since debut connected April 8, 2026, according to Farside.
MSBT has truthful acold accumulated 2,920 BTC, worthy astir $232.6 million, increasing assets held for its customers by 557% since launch.
Daily spot Bitcoin ETF flows by issuer (in millions of US dollars) since Friday. Source: SoSoValue
The lone different Bitcoin money to grounds inflows connected the time was the Grayscale Bitcoin Mini Trust ETF (BTC), a low-cost spot Bitcoin ETF offered by Grayscale alongside its Grayscale Bitcoin Trust (GBTC).
Related: VanEck’s Sigel sees Bitcoin reaching $1M wrong 5 years
Canton Network ETF ends somewhat little connected Nasdaq debut arsenic token slips
The Bitcoin ETF outflows came alongside the Nasdaq debut of the 21Shares Canton Network ETF (TCAN), the archetypal US-listed ETF designed to connection nonstop vulnerability to Canton Coin, the autochthonal inferior token of the Canton Network.
TCAN began trading connected Nasdaq connected Thursday and closed its archetypal league astatine $24.66, somewhat down from an archetypal terms of $24.76, according to Nasdaq data. Canton Coin slipped 1.7% connected the day, trading astatine $0.145 astatine the clip of writing, according to CoinGecko.
The Crypto Fear & Greed Index. Source: Alternative.me
The antagonistic inclination successful crypto markets pushed the Crypto Fear & Greed Index into “Fear” connected Friday astatine 38 aft concisely returning to “Neutral” the erstwhile day. The scale is inactive importantly supra April levels, erstwhile it averaged 17, arsenic Bitcoin has risen astir 11% implicit the past 30 days.
Magazine: Adam Back says existent request is ‘almost’ capable to nonstop Bitcoin to $1M
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