Net inflows into Bitcoin spot ETFs in the United States are shrinking after the market recorded six consecutive days of fund outflows.
At the time of writing, Bitcoin is at $76,726, up 0.68% since it opened early Tuesday in Asian trading.
As of 2026, net inflows are now only around $536 million after Bitcoin ETFs lost $1.55 billion since May 14.
On Friday alone, Bitcoin ETFs recorded outflows of $105.2 million. BlackRock’s largest fund, IBIT, lost $68.9 million, while Fidelity Investments’ FBTC recorded an outflow of $36.3 million.
Other ETFs showed no significant changes as they are often considered a leading indicator of institutional interest in Bitcoin.
When a lot of funds flow into ETFs, it indicates that large investors such as financial institutions are becoming more confident in the crypto market.
However, when outflows continue, it signals that investor confidence is weakening or that they are taking a cautious approach.
In addition, the well-known market-making firm Jane Street reportedly reduced its Bitcoin ETF holdings by 70% in the first quarter of this year.
Investment bank Goldman Sachs also reduced its Bitcoin ETF holdings by around 10%.
While the US Bitcoin ETF market is still recording net inflows overall for 2026, most of those inflows actually come from BlackRock’s IBIT, which has received around $2.7 billion so far this year.
However, that amount is still far below the $25 billion recorded throughout 2025.
At the same time, the US spot Ether ETF has also recorded net outflows throughout 2026, while new altcoin ETFs have failed to attract as much demand as previous Bitcoin ETFs.
Among the positive developments is the launch of a new ETF by Morgan Stanley, MSBT, on April 8.
The ETF managed to attract $264 million in net inflows in a short period of time and is now outperforming several other Bitcoin products from Invesco and WisdomTree.
The market had previously expected Donald Trump's media company, Truth Social, to launch its own Bitcoin ETF this year.
However, the fund's sponsor, Yorkville America, withdrew several of its crypto ETF applications last week.
Bloomberg ETF analyst James Seyffart believes the decision may be due to intense competition in the Bitcoin ETF market, especially after MSBT offered management fees as low as 0.14%, among the lowest in the industry.
