The U.S. spot Bitcoin exchange-traded fund (ETF) market is nearing negative net flows for the year following a six-day streak of outflows ending Friday. Friday's $105.2 million outflow reduced the total net flow for 2026 to $536 million. Specifically, BlackRock's iShares Bitcoin Trust (IBIT) lost $68.9 million, while the Fidelity Wise Origin Bitcoin Fund (FBTC) saw $36.3 million in outflows. This is reported by Cointelegraph.com reports .
While other U.S. Bitcoin ETFs remained unchanged, Friday's figures were part of a total $1.55 billion outflow trend ongoing since May 14. Net flows into spot Bitcoin ETFs are a key indicator of institutional investor interest in the crypto market. Data shows that market maker Jane Street reduced its Bitcoin ETF holdings by 70% in the first quarter, while Goldman Sachs cut its stake by 10%.
Although the U.S. Bitcoin ETF market remains in positive territory, the bulk of these flows is attributed to IBIT ($2.7 billion year-to-date). However, current figures are far from matching the $25 billion result seen in 2025. Meanwhile, spot Ether ETFs are also experiencing net outflows, and new altcoin ETFs have not seen the same high demand as previous products.
One positive market development is the Morgan Stanley Bitcoin Trust ETF (MSBT), launched on April 8. It quickly attracted $264 million in net investments, managing to outperform products launched in 2024 by companies like Invesco and WisdomTree.
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