Bitcoin ETFs add $186M as Morgan Stanley's MSBT inflows top $100M in first six trading days

U.S. spot bitcoin exchange-traded funds recorded their second consecutive day of net inflows on Wednesday, adding $186.1 million following the prior session's $411.5 million influx. 

The 13-fund group has now accumulated around $57.1 billion since the ETFs first launched in January 2024, with total net assets reaching $97.6 billion as of April 15, or 6.5% of bitcoin's market capitalization, according to SoSoValue. 

Only two funds posted positive flows on Wednesday, including BlackRock's IBIT, which led all products with $291.9 million, its largest single-day inflow since the beginning of April. Morgan Stanley's MSBT ranked second with $19.3 million. 

Notably, Morgan Stanley’s MSBT has eclipsed a primary competitor within its first week of operations. Just six trading days after its market debut, MSBT reached more than $103 million in total net inflows, moving past the $86 million cumulative total held by the WisdomTree Bitcoin Fund, according to Farside. 

Meanwhile, eight funds recorded zero net flows on the day. Fidelity's FBTC saw $47.4 million in outflows, while Ark Invest and 21Shares' ARKB and Grayscale's GBTC posted redemptions of $42.2 million and $23.4 million, respectively. Bitwise's BITB and VanEck's HODL recorded smaller outflows of $8.5 million and $3.7 million, SoSoValue data shows. 

Bitcoin traded above $74,600 on Thursday. The benchmark cryptocurrency has gained 3% over the past week and 23% since hitting a low near $60,000 on Feb. 6. The price remains 41% below the all-time high of approximately $126,000 set on Oct. 6, 2025.