Bitcoin ETFs End 5-day Inflow Streak Amid Price Correction
BITmarkets Team
May 08, 2026
According to data from SoSoValue, Bitcoin ETFs registered $277.5 million in net outflows on Thursday, marking the first daily outflows recorded in May. The largest withdrawals came from Fidelity Wise Origin Bitcoin Fund (FBTC), which saw $129 million leave the fund. iShares Bitcoin Trust ETF (IBIT) from BlackRock followed with approximately $98 million in outflows, according to data from Farside Investors.
The reversal in ETF flows coincided with increased market volatility. Bitcoin briefly climbed above $82,000 on Wednesday before falling back below $80,000 the following day.
Morgan Stanley ETF continues inflow streak
Despite the broader outflows, the Morgan Stanley Bitcoin Trust ETF (MSBT) continued to attract capital. The fund, which became the first spot Bitcoin ETF launched by a US bank, recorded inflows of $7.3 million on Thursday.
Since its debut on April 8, 2026, MSBT has not experienced a single day of outflows, according to Farside data.
The ETF has accumulated approximately 2,920 BTC, valued at around $232.6 million, representing asset growth of roughly 557% since launch.
The only other Bitcoin fund to post inflows during the session was the Grayscale Bitcoin Mini Trust ETF, a lower-cost offering from Grayscale Investments alongside its flagship Grayscale Bitcoin Trust.
Canton Network ETF debuts as market sentiment weakens
The ETF outflows also came as the 21Shares Canton Network ETF (TCAN) began trading on the Nasdaq. The fund is the first US-listed ETF designed to provide direct exposure to Canton Coin, the utility token of the Canton Network.
TCAN opened trading on Thursday and closed its first session slightly lower at $24.66, compared with its initial price of $24.76. Meanwhile, Canton Coin declined 1.7% on the day to around $0.145, based on data from CoinGecko.
Broader weakness in crypto markets also affected sentiment indicators. The Crypto Fear & Greed Index dropped back into the “Fear” zone on Friday with a reading of 38, after briefly returning to “Neutral” the previous day.
Even so, sentiment remains well above April levels, when the index averaged 17, while Bitcoin has gained roughly 11% over the past 30 days.
Sources:
https://cointelegraph.com/news/bitcoin-etf-snap-5-day-inflow-streak-btc-dip-under-80k
https://www.nasdaq.com/market-activity/etf/tcan/advanced-charting
https://x.com/21shares_us/status/2052381153684754447
https://alternative.me/crypto/fear-and-greed-index/
https://sosovalue.com/assets/etf/us-btc-spot
https://www.coingecko.com/en/coins/canton