While inflows increased in Bitcoin ETFs launched by Morgan Stanley, other data turned negative! Here are the details

Spot Bitcoin ETFs traded in the US recorded net outflows for the second consecutive day, despite the rise in the crypto market. While market volatility increased following news of a temporary ceasefire between the US and Iran, the ETF data showed investors remaining cautious.

According to the data, daily total flows in spot Bitcoin ETFs presented a mixed picture. Fidelity’s FBTC fund led the outflows with $79 million, while the ARKB fund, a partnership between ARK Invest and 21Shares, also saw outflows of $74.7 million. Grayscale’s GBTC fund also experienced outflows of $11 million.

However, some funds showed positive performance. BlackRock’s IBIT fund recorded inflows of $40.4 million, while Morgan Stanley’s newly launched MSBT fund achieved net inflows of $30.6 million on its first day. MSBT’s trading volume was also reported at approximately $34 million.

In the cryptocurrency market, a surge was also observed during the same period. Bitcoin’s price rose from around $67,800 to approximately $71,000, driven by news of a ceasefire. However, analysts point to continued geopolitical uncertainty in the Middle East.

According to experts, the fragile nature of the ceasefire process and the conflicting news flow are limiting investor confidence. It is also noted that institutional investors have engaged in profit-taking during the recent rise, and market sentiment may remain in the “extreme fear” zone in the short term.

*This is not investment advice.