Flows into U.S. spot bitcoin ETFs rose on Thursday, led by BlackRock’s iShares Bitcoin Trust, which raised $269.3 million, its strongest single-day performance in five weeks. This move came after a period of associated volatility Geopolitical tensions It reflected two consecutive days of net outflows across the sector.
In total, there are 12 Bitcoin ETFs in the US registered $358.1 million in net inflows, signaling renewed investor demand as Bitcoin trades below its recent highs, thanks to Father’s side Data.
Fidelity Investments’ FBTC recorded the second-largest inflow at $53.3 million. Morgan Stanley’s newly launched Bitcoin Trust (MSBT) reached $14.9 million on the second day of trading, which the bank described as the strongest debut for an ETF. The company’s digital assets leadership noted that the product represents an early step in a broad range of offerings.
Other exporters also participated in the rebound. Bitwise Asset Management Fund and ARK Invest’s 21Shares Fund added $11.7 million and $4.8 million, while Franklin Templeton and VanEck each saw inflows of about $2 million.
Year to date, BlackRock’s IBIT has attracted $1.5 billion in net inflows, even as bitcoin has fallen from a 2026 peak near $97,000 to around $72,100. Company executives said the fund’s investor base is skewed toward long-term shareholders.
U.S. Bitcoin ETFs ended 2025 with cumulative net inflows of $56.59 billion, and now stand at $56.51 billion, leaving the category about $80 million below its 2026 breakeven point.
Morgan Stanley launches Bitcoin exchange-traded fund
Earlier this week, Morgan Stanley Entered the spot market for Bitcoin ETF With the launch of Bitcoin Trust (MSBT), posting strong early demand and intensifying competition across the sector.
The fund recorded about $34 million in first-day trading volume and $30.6 million in net inflows, which Morgan Stanley’s Amy Oldenburg said represented “the best first day of trading of any of our ETFs.” MSBT carries a fee of 14 basis points, undermining many competing products and adding pressure to an already competitive fee environment.
Despite their debut, US Bitcoin ETFs saw $94 million in net outflows. Fidelity’s FBTC and Ark & 21Shares’ ARKB led the recoveries, while Grayscale’s GBTC also posted losses. BlackRock’s IBIT bucked the trend with inflows of $40.4 million.
The flows highlight the ongoing rotation among institutional investors amid Bitcoin price volatility, with traders taking profits after the asset surged back above $70,000.
Morgan Stanley’s entry is seen as a structural shift, leveraging its $6 trillion wealth management network and thousands of financial advisors to distribute exposure to cryptocurrencies more widely. Analysts say fee pressure and distribution advantages are likely to shape the next phase of competition.
Inflows into MSBT will be monitored to see if traditional banks are able to challenge the ETF leaders.
