BlackRock Supports Market as U.S. Bitcoin ETFs Experience First Outflow of 2026

U.S. spot Bitcoin exchange-traded funds (ETFs) encountered their first net outflow of 2026, yet BlackRock's inflows, alongside Morgan Stanley's plans for new Bitcoin and Solana ETFs, highlight the ongoing interest from institutional investors.

Key Takeaways

U.S. spot Bitcoin ETFs experienced their first net outflow of 2026, following a strong start.
Fidelity’s Wise Origin Bitcoin Fund led the outflows, alongside other significant trusts.
BlackRock’s iShares Bitcoin Trust continued to attract net inflows, remaining a major player in the market.
U.S. spot Ethereum ETFs saw inflows despite some withdrawals from specific products.
Morgan Stanley announced plans to launch Bitcoin and Solana ETFs, signaling continued institutional interest.

Bitcoin ETFs log first 2026 outflow as Morgan Stanley joins fray

U.S. Bitcoin ETFs Face Outflows in 2026

On Tuesday, U.S. spot Bitcoin ETFs recorded their first net outflows of the year, marking a departure from two consecutive days of strong inflows, according to data provided by SoSoValue. The most significant outflows came from Fidelity’s Wise Origin Bitcoin Fund, with additional withdrawals noted from Grayscale’s flagship Bitcoin Trust and its Bitcoin Mini Trust. Funds managed by Ark & 21Shares and VanEck also reported net outflows during this period.

Despite the selling pressure observed in other products, BlackRock’s iShares Bitcoin Trust recorded net inflows on Tuesday, helping to balance the situation somewhat. This fund has seen considerable cumulative inflows during the initial trading days of 2026, confirming its status as the largest Bitcoin ETF by assets under management.

In addition to Bitcoin, U.S. spot Ethereum ETFs managed to see net inflows on Tuesday, even though some offerings from Grayscale and Fidelity recorded withdrawals. Meanwhile, XRP-focused and Solana-focused exchange-traded products also attracted new investments during the same session.

The outflows observed followed a notably successful start to the year for Bitcoin ETFs. In the first two trading days of 2026, the sector had recorded impressive net inflows, as reported by the data. Bloomberg senior ETF analyst Eric Balchunas noted, “The spot Bitcoin ETFs are coming into 2026 like a lion," emphasizing the significant inflows seen over just two days and the broad participation of the funds involved. He added that maintaining this inflow rate could result in annual totals vastly exceeding those seen in 2025.

While U.S. spot Bitcoin ETFs did garner net inflows in 2025, the overall total was lower compared to the previous year. Notably, BlackRock’s iShares product comprised the majority of those inflows in 2025. Additionally, Bitcoin ETFs experienced their largest single-day inflows in three months on Monday following a volatile end to 2025, according to market data.

In a recent filing with the U.S. Securities and Exchange Commission, Morgan Stanley revealed its plans to launch Bitcoin and Solana ETFs. According to the filing, the proposed Morgan Stanley Bitcoin Trust will function as a passive investment vehicle designed to track the spot price of Bitcoin, without employing leverage or derivatives, reflecting an ongoing trend of institutional interest in cryptocurrency investments.