US-listed Bitcoin exchange-traded fund (ETF) (spot Bitcoin) ended a streak of five days in which they received nearly $1.7billion as Bitcoin dropped below $80,000.
Bitcoin fund outflows topped $277.5 Million on Thursday. This is the first outflows of Bitcoin funds in May. according SoSoValue is a database of data.
Since Friday, daily spot Bitcoin ETF flow data has been available. Source: SoSoValue
Fidelity’s Wise Bitcoin Trust (IBIT), BlackRock’s iShares Bitcoin Trust (FBTC), and BlackRock’s Fidelity Wise Bitcoin Fund (FBTC), followed closely behind with outflows of $129 million each. according Farside
Bitcoin’s volatile price triggered the sharp change in Bitcoin ETF flows. Bitcoin rose On Wednesday, the Dow Jones Industrial Average rose above the $80,000 threshold before dropping below that level on the following day.
Morgan Stanley Bitcoin ETF holds up well despite wider outflows
Morgan Stanley Bitcoin Trust ETF, the first Bitcoin ETF to be launched by an American bank, saw modest inflows on Thursday of $7.3 Million. It hasn’t seen an outflow in a day. since debut on April 8According to Farside, a 2026 date is expected.
MSBT, which was launched in 2010, has accumulated a total of 2,920 BTC worth approximately $232.6 millions, increasing the assets that it holds for its clients by 557 percent.
The daily Bitcoin ETF spot flows (in US Dollars) by issuer since Friday. Source: SoSoValue
Grayscale Bitcoin Mini Trust ETF BTC, a spot Bitcoin ETF with a low cost offered alongside Grayscale Bitcoin Trust GBTC was the only other Bitcoin Fund to see inflows that day.
Related: VanEck’s Sigel sees Bitcoin reaching $1M within five years
Canton Network ETF closes slightly lower at Nasdaq launch as token slips
Bitcoin ETFs outflows coincided with the Nasdaq debut Canton Coin is the native utility token of the Canton Network.
TCAN opened trading at Nasdaq last Thursday. The stock closed its session with a price of $24.66, which was slightly lower than the initial $24.76, according Nasdaq has data. Canton Coin was down 1.7% for the day at $0.145. according CoinGecko.
The Crypto Fear & Greed Index. Source: Alternative.me
The negative trend in crypto markets pushed the Crypto Fear & Greed Index into “Fear” After briefly returning from “Neutral” It was a day earlier. It is significantly higher than April’s average of 17, since Bitcoin has increased by about 11% in the last 30 days.
Magazine: Adam Back says current demand is ‘almost’ enough to send Bitcoin to $1M
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Source: cointelegraph.com
