BlockBeats news: On May 25, official data showed that as of May 24, U.S. spot Bitcoin ETFs have recorded net outflows for six consecutive trading days, with a total cumulative outflow of $1.55 billion. On last Friday alone, net outflows reached $105.2 million, with BlackRock’s IBIT seeing $68.9 million in outflows and Fidelity’s FBTC recording $36.3 million in outflows. As a result, the cumulative net inflow for Bitcoin ETFs since the beginning of 2026 has shrunk to $536 million, nearing the threshold for an annual net outflow.
In terms of market context, institutional market maker Jane Street reduced its Bitcoin ETF holdings by approximately 70% in the first quarter, while Goldman Sachs also cut its position by 10%. However, there were some individual bright spots: IBIT has seen net inflows of $2.7 billion year-to-date, though this is far below the $25 billion level recorded for the full year of 2025; the Morgan Stanley Bitcoin Trust ETF (MSBT), launched on April 8, has attracted $264 million in net inflows, surpassing the products from Invesco and WisdomTree.
On other developments, U.S. spot Ethereum ETFs have experienced net outflows year-to-date. Several crypto ETFs backed by Donald Trump’s Truth Social and led by asset manager Yorkville America withdrew their applications on Tuesday. The fund flows of Bitcoin ETFs are considered a key indicator of institutional demand and new capital entering the cryptocurrency market.