BTC falls under $80K as Bitcoin ETFs record first May outflows
U.S.-listed spot Bitcoin ETFs recorded $277.5 million in net outflows on Thursday. Spot Bitcoin ETFs recorded $277.5 million in outflows, ending five days of strong inflows Thursday.Fidelity and BlackRock led redemptions as Bitcoin slipped below $80,000 during volatile intraday trading sessions.Morgan Stanleys MSBT still attracted inflows, showing uneven demand across U.S. Bitcoin ETF products Thursday. The move ended a five-day inflow streak worth nearly $1.7 billion, according to SoSoValue data. The reversal came as Bitcoin fell below $80,000 after trading above $82,000 a day earlier. Current market data showed Bitcoin (BTC) near $80,000, after an intraday low of $79,250. Fidelity and BlackRock lead outflows Fidelity‘s Wise Origin Bitcoin Fund led the daily redemptions with $129 million in outflows. BlackRock’s iShares Bitcoin Trust followed with $98 million in outflows, based on Farside figures. The outflows showed a sharp change from the early May trend. Bitcoin ETFs had drawn strong demand as Bitcoin reclaimed the $80,000 area and investors returned to spot funds after Aprils recovery. Moreover, Morgan Stanleys Bitcoin Trust ETF was one of the few funds to record inflows on the day. MSBT added $7.3 million and has not logged a daily outflow since launching on April 8, 2026. The fund has accumulated 2,920 BTC, worth about