US Spot Bitcoin ETFs Break $1.7B Inflow Streak as BTC Drops Below $80K
According to Farside, the top two funds in terms of outflows were the Fidelity Wise Origin Bitcoin Fund (FBTC) with $129 million and BlackRocks iShares Bitcoin Trust ETF (IBIT) with $98 million. In the midst of increased Bitcoin volatility, there was a dramatic shift in the flows into Bitcoin ETFs. On Wednesday, Bitcoin soared above $82,000, but the next day, it dropped below the crucial $80,000 mark. Mixed Investor Sentiment On Thursday, the first spot Bitcoin ETF established by a US bank, Morgan Stanley Bitcoin Trust ETF (MSBT), had modest inflows of $7.3 million. Farside reports that since the funds introduction on April 8, 2026, there has been zero days of outflows. With a 557% increase in client assets retained since debut, MSBT has amassed 2,920 BTC, valued at around $232.6 million. In addition to its flagship product, the Grayscale Bitcoin Trust (GBTC), the low-cost spot Bitcoin ETF known as the Grayscale Bitcoin Mini Trust ETF (BTC) was the only other Bitcoin fund to get inflows that day. The 21Shares Canton Network ETF (TCAN), the first US-listed ETF to provide direct exposure to Canton Coin, the native utility token of the Canton Network, debuted on the Nasdaq with the Bitcoin ETF today. After momentarily regaining