BlockBeats News, May 25th. According to official data, as of May 24th, the US Bitcoin Spot ETF has seen net outflows for 6 consecutive trading days, with a total outflow of $1.55 billion. Among them, the net outflow on last Friday was $105.2 million, with BlackRock's IBIT seeing an outflow of $68.9 million and Fidelity's FBTC seeing an outflow of $36.3 million. As a result, the cumulative net inflow of Bitcoin ETFs in 2026 has shrunk to $536 million, approaching the yearly net outflow threshold.

In terms of market background, institutional market maker Jane Street reduced its Bitcoin ETF holdings by about 70% in the first quarter, and Goldman Sachs also reduced its position by 10%. However, there are also some bright spots. IBIT has still seen a net inflow of $2.7 billion year-to-date, but this is far below the $25 billion level for the full year in 2025. The Morgan Stanley Bitcoin Trust ETF (MSBT), launched on April 8th, has attracted a net inflow of $264 million, surpassing products from Invesco and WisdomTree.

In other developments, the US Ethereum Spot ETF has seen net outflows since the beginning of the year. Multiple crypto ETFs supported by Truth Social, owned by Trump, and led by asset management firm Yorkville America, have applied for withdrawal this Tuesday. The flow of funds in Bitcoin ETFs is seen as a key indicator of institutional demand and new capital entering the crypto market, with Bitcoin priced around $77,376 at the time of writing.