Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

Adam Back

Canton

US-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) snapped a five-day inflow streak totaling nearly $1.7 billion as Bitcoin dipped below $80,000.Bitcoin funds logged $277.5 million in outflows on Thursday, marking the first daily outflows in May, <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">according</a> to SoSoValue data.<img alt="Bitcoin ETFs snap 5-day inflow streak as BTC dips under $80K" height="202" src="https://s3-images.ctmedia.io/media/content/pasted-image-437.png" width="777">Daily spot Bitcoin ETF flows since Friday. Source: SoSoValueThe Fidelity Wise Origin Bitcoin Fund (FBTC) led the outflows at $129 million, while BlackRock’s iShares Bitcoin Trust ETF (IBIT) followed with $98 million in outflows, <a href="https://farside.co.uk/btc/" rel="noopener noreferrer nofollow">according</a> to Farside.The sharp reversal in Bitcoin ETF flows came amid heightened Bitcoin volatility. Bitcoin <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">rose</a> above $82,000 on Wednesday before falling below the key $80,000 level the next day.<h2 id="morgan-stanley-s-bitcoin-etf-remains-resilient-amid-broader-outflows">Morgan Stanley’s Bitcoin ETF remains resilient amid broader outflows</h2>The Morgan Stanley Bitcoin Trust ETF (MSBT), the first spot Bitcoin ETF launched by a US bank, recorded modest inflows of $7.3 million on Thursday. The fund has not seen a single day of outflows <a href="https://cointelegraph.com/news/morgan-stanley-bitcoin-etf-trails-blackrock-with-30m-in-first-day-inflows" rel="noopener noreferrer nofollow">since debut on April 8</a>, 2026, according to Farside.MSBT has so far accumulated 2,920 BTC, worth around $232.6 million, growing assets held for its customers by 557% since launch.<img alt="Bitcoin ETFs snap 5-day inflow streak as BTC dips under $80K" height="359" src="https://s3-images.ctmedia.io/media/content/pasted-image-438.png" width="864">Daily spot Bitcoin ETF flows by issuer (in millions of US dollars) since Friday. Source: SoSoValueThe only other Bitcoin fund to record inflows on the day was the Grayscale Bitcoin Mini Trust ETF (BTC), a low-cost spot Bitcoin ETF offered by Grayscale alongside its Grayscale Bitcoin Trust (GBTC).Related: <a href="https://cointelegraph.com/news/bitcoin-1-million-five-years-vaneck-prediction" rel="noopener noreferrer nofollow">VanEck’s Sigel sees Bitcoin reaching $1M within five years</a><h2 id="canton-network-etf-ends-slightly-lower-on-nasdaq-debut-as-token-slips">Canton Network ETF ends slightly lower on Nasdaq debut as token slips</h2>The Bitcoin ETF outflows came alongside the Nasdaq <a href="https://x.com/21shares_us/status/2052381153684754447" rel="noopener noreferrer nofollow">debut</a> of the 21Shares Canton Network ETF (TCAN), the first US-listed ETF designed to offer direct exposure to Canton Coin, the native utility token of the Canton Network.TCAN began trading on Nasdaq on Thursday and closed its first session at $24.66, slightly down from an initial price of $24.76, <a href="https://www.nasdaq.com/market-activity/etf/tcan/advanced-charting" rel="noopener noreferrer nofollow">according</a> to Nasdaq data. Canton Coin slipped 1.7% on the day, trading at $0.145 at the time of writing, <a href="https://www.coingecko.com/en/coins/canton" rel="noopener noreferrer nofollow">according</a> to CoinGecko.<img alt="Bitcoin ETFs snap 5-day inflow streak as BTC dips under $80K" height="343" src="https://s3-images.ctmedia.io/media/content/pasted-image-439.png" width="772">The Crypto Fear &amp; Greed Index. Source: <a href="https://alternative.me/crypto/fear-and-greed-index/" rel="noopener noreferrer nofollow">Alternative.me</a>The negative trend in crypto markets pushed the Crypto Fear &amp; Greed Index into “Fear” on Friday at 38 after briefly returning to “Neutral” the previous day. The index is still significantly above April levels, when it averaged 17, as Bitcoin has risen about 11% over the past 30 days.Magazine: <a href="https://cointelegraph-magazine.com/adam-back-blockstream-bitcoin-satoshi-nakamoto-quantum-computing-cointelegraph/" rel="noopener noreferrer nofollow">Adam Back says current demand is ‘almost’ enough to send Bitcoin to $1M</a>

Bitcoin ETFs snap 5-day inflow streak as BTC dips under $80K

Table of Contents

Cointelegraph

Other articles published on May 8, 2026

How Has Pi Network Performed in 2026?

Toncoin Surges as Telegram Takes Over as Largest TON Validator

What Is the BNB Chain Osaka/Mendel Upgrade?

Tom Lee's Bitmine has Staked 88% of its ETH Holdings

When Will CLARITY Finally Pass?

Solidus AI Tech Rebrands to AITECH Cloud Network (ACN) and Announces Migration to Ethereum

Join our free newsletter for daily crypto updates!