Bitcoin drops below $80k, ETF experiences first May outflow

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CoinWorld News, the US-listed spot Bitcoin ETF recorded a $277.5 million outflow on Thursday, ending nearly $1.7 billion of five days of inflows.
Bitcoin price fell below $80k, with current market data showing Bitcoin approaching $80k, and intraday lows dropping to $79,250.
Fidelity’s Wise Origin Bitcoin Fund led with a $129 million outflow, followed by BlackRock’s iShares Bitcoin Trust, which saw a $98 million outflow.
Nevertheless, Morgan Stanley’s Bitcoin Trust ETF experienced a $7.3 million inflow on the same day, and has not seen any outflows since April 8, 2026.
Latest data shows that Bitcoin ETF net inflows in April reached $2.44 billion, despite pressure for outflows at the end of the month.
Market sentiment has also weakened, with the Crypto Fear & Greed Index falling back to 38, indicating that demand may quickly dissipate as volatility returns.

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