Six days of outflows narrow 2026 gains for US Bitcoin ETFs

US spot Bitcoin ETFs registered six consecutive days of net outflows, cutting cumulative inflows for 2026 to $536 million after $105.2 million exited on Friday. BlackRock’s iShares Bitcoin Trust (IBIT) saw $68.9 million leave and Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded $36.3 million in outflows Friday.

Friday’s withdrawals added to $1.55 billion that has left the group since May 14, the last day the funds recorded a combined net inflow. No other U.S.-based spot Bitcoin ETF reported a change in flows on Friday.

Institutional trading desks reduced exposure to Bitcoin ETFs earlier in the year. Market maker Jane Street trimmed its Bitcoin ETF holdings by about 70% in the first quarter, while investment bank Goldman Sachs cut its position by roughly 10%.

IBIT has accounted for the largest share of 2026 inflows, adding about $2.7 billion so far this year. That pace is well below the roughly $25 billion IBIT gathered in 2025.

Morgan Stanley’s Bitcoin Trust ETF (MSBT), which launched on April 8, has drawn $264 million in net inflows to date. MSBT charges a 0.14% fee, one of the lowest in the market.

U.S. spot Ether ETFs have recorded net outflows in 2026. New altcoin ETF launches have not attracted the same inflows seen for the initial Bitcoin and Ether products.

Yorkville America requested withdrawals for several filings tied to a planned Bitcoin product connected to a social media platform backed by a former president. An ETF analyst suggested fee competition, including MSBT’s low-cost fee, may have influenced the decision to withdraw.

Market participants continue to track daily flows as a measure of institutional demand and fund-by-fund competition across the U.S. crypto ETF market.