Bitcoin ETF Outflows End 5-Day Inflow Streak as BTC Falls Below $80K

Spot Bitcoin ETFs Reverse After Strong Institutional Buying Wave

US-listed spot Bitcoin exchange-traded funds (ETFs) recorded $277.5 million in outflows on Thursday, ending a five-day inflow streak that had attracted nearly $1.7 billion in capital. The shift came as Bitcoin slipped back below the $80,000 level amid sharp intraday volatility across crypto markets.

According to SoSoValue data, this marked the first daily ETF outflows for May, signaling a pause in institutional demand after several strong sessions of inflows.

Major Bitcoin Funds See Redemptions as Volatility Increases

The Fidelity Wise Origin Bitcoin Fund (FBTC) led outflows with $129 million, followed by BlackRock’s iShares Bitcoin Trust (IBIT), which saw $98 million in withdrawals. The reversal coincided with Bitcoin briefly rising above $82,000 midweek before dropping back below key psychological support levels.

Morgan Stanley’s Bitcoin Trust ETF (MSBT) stood out by continuing to record inflows, adding $7.3 million and extending its streak of no daily outflows since its April launch.

Market Sentiment Weakens but Long-Term Flows Remain Active

Other products, including the Grayscale Bitcoin Mini Trust ETF, also posted modest inflows despite broader market pressure. The pullback in ETF demand reflects cautious sentiment as Bitcoin volatility increases.

Meanwhile, the Crypto Fear & Greed Index slipped back into at 48, highlighting growing uncertainty among traders even as Bitcoin remains up over the past 30 days.