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Spot Bitcoin ETFs in the US experience outflows of $277.5 million for the first time in five days

Spot Bitcoin ETFs recorded their first daily outflow of $277.5 million.

While Morgan Stanley's fund experienced no outflows, it saw a slight decline at the opening of the new Nasdaq.

Spot Bitcoin ETFs traded in the US faced significant outflows after five days of net inflows. While investors had injected approximately $1.7 billion into the funds in the past week, Thursday's outflow reached $277.5 million. This marked the first net outflow in a single day in May.

The Fidelity Wise Origin Bitcoin Fund, which had been notable for its consistent inflows, experienced the largest outflow on Thursday, losing $129 million. BlackRock's iShares Bitcoin Trust ETF was also affected by this outflow, decreasing by $98 million. The unexpected decline in these two large funds, which had seen increased trading volume in recent weeks, triggered short-term market fluctuations.

After rising above $82,000 on Wednesday, Bitcoin's price fell below the critical $80,000 level the following day. According to data, this sudden drop in Bitcoin's value led to short-term investor activity. It is believed that outflows from funds are directly linked to this price volatility.

According to experts, the rising volatility and profit-taking in recent days have begun to shift the balance in the ETF market. Following increased interest in spot ETFs, this one-day decline points to short-term investor activity.
Morgan Stanley, the first US bank to launch a spot Bitcoin ETF, continues to grow steadily despite general market outflows. The Morgan Stanley Bitcoin Trust ETF, managed by the company, saw inflows of $7.3 million on Thursday. According to the institution's own data, the fund has not experienced a net negative flow since its launch on April 8, 2026.

The Morgan Stanley fund has accumulated 2,920 Bitcoin for its clients so far, reaching a total of $232.6 million in assets. This represents a 557% growth in assets since the fund's inception.

On the same day, Grayscale's new low-cost Bitcoin Mini Trust ETF was also among the few funds to record inflows, while the traditional Grayscale Bitcoin Trust showed no net movement.

The pressure on the overall cryptocurrency market affected investor risk appetite. As a result, the Index, which measures investor sentiment, fell to 38 on Friday, entering the "fear" zone. While the index remains well above its April average of 17, Bitcoin has risen by approximately 11 percent in the last 30 days.

Industry commentators note that the overall market sentiment is characterized by volatility and short-term fluctuations. The focus in the coming days will be on whether investor interest and price movements will find a new equilibrium.
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