US spot Bitcoin exchange-traded funds are closing in on recording net outflows for 2026 after Friday marked six straight days of bleeding.
Net inflows have shrunk to just $536 million for the year after the market shed another $105.2 million on Friday alone.
BlackRock’s IBIT lost $68.9 million on the day, while Fidelity’s FBTC recorded outflows of $36.3 million.
Six-day streak wipes $1.55 billion
Friday’s outflow contributed to the $1.55 billion that has left the funds since May 14, the last date any net inflow was recorded across all products.
Institutional players have been pulling back too.
Jane Street reduced its Bitcoin ETF holdings by around 70% in the first quarter, while Goldman Sachs trimmed its position by 10%.
Most of 2026’s remaining inflows are concentrated in IBIT, which has taken in $2.7 billion year-to-date.
However, that pace is far behind the $25 billion IBIT attracted over all of 2025, and most of its competitors have seen net outflows this year.
Morgan Stanley ETF a bright spot
One positive development has been the Morgan Stanley Bitcoin Trust ETF, which launched on April 8 and has already pulled in $264 million in net inflows.
That figure already puts it ahead of the Bitcoin products from Invesco and WisdomTree, both of which launched in January 2024.
Morgan Stanley set a market-low fee of 0.14%, which Bloomberg ETF analyst James Seyffart suggested may have contributed to the competitive pressure that led Trump-backed Truth Social’s sponsor, Yorkville America, to withdraw its planned crypto ETF applications this week.
