U.S. Spot Bitcoin ETFs See $277.5 Million Net Outflows as BTC Drops Below $80,000
Image: TradingView

U.S. Spot Bitcoin ETFs See $277.5 Million Net Outflows as BTC Drops Below $80,000

07 May, 2026.Other.12 sources

Key Takeaways

  • BTC fell below $80,000 during the session.
  • Fidelity's FBTC and BlackRock's IBIT led ETF outflows.
  • Outflows ended a five-day ETF inflow streak.

ETF outflows after dip

U.S.-listed spot Bitcoin ETFs recorded $277.5 million in net outflows on Thursday, ending five days of strong inflows as Bitcoin slipped below $80,000 during volatile intraday trading.

The outflows were led by Fidelity’s Wise Origin Bitcoin Fund with $129 million in outflows, followed by BlackRock’s iShares Bitcoin Trust with $98 million in outflows, based on Farside figures.

Image from CaptainAltcoin
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The reversal ended a five-day inflow streak worth nearly $1.7 billion, according to SoSoValue data, and came after Bitcoin traded above $82,000 a day earlier.

Bitcoin’s intraday low was $79,250, and current market data showed Bitcoin (BTC) near $80,000 as the ETF flow shift coincided with the price move.

Institutional context and debate

A guest editorial courtesy of Carolane de Palmas, Markets Analyst at Retail FX and CFDs broker ActivTrades, said that over the past two months U.S.-listed spot Bitcoin ETFs have recorded approximately $3.29 billion in net inflows according to SoSoValue.

De Palmas wrote that since their launch in January 2024, U.S. Bitcoin ETFs have accumulated $58.72 billion in cumulative inflows, sitting just below the $61.19 billion peak recorded in October when Bitcoin itself traded above $126,000.

Image from Cointelegraph
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The editorial also described a severe depletion between November 2025 and February 2026, when Bitcoin ETFs recorded $6.38 billion in net outflows alongside Bitcoin’s correction from above $100,000 to nearly $60,000.

In a separate account, Cryptopolitan reported JPMorgan analysts said Bitcoin is taking gold’s place in debasement trade as ETF flows diverge, and added that Strategy could buy $30 billion of Bitcoin in 2026 at its current pace, beating the $22 billion it spent in each of the prior two years.

Price levels and next test

Crypto trader Jelle said the “200-day MA/EMA cluster” was acting as resistance while identifying $78,000 as the first major support area, as TradingView data showed Bitcoin slipping below $80K.

TradingView also said a hold above the weekly open at $78,500 could stabilize short-term price action, while the key technical support range remained between $76,000 and $78,000.

The same TradingView report stated that net inflows reached $1.05 billion, marking the strongest weekly intake since the third week of January, and said a positive close on Friday would confirm the largest weekly ETF inflow return in nearly four months.

The Block reported that U.S. spot bitcoin ETFs have attracted $1.69 billion during the five-day inflow streak and quoted Nick Ruck, director of LVRG Research, saying the inflow streak “highlights deepening institutional optimism in bitcoin as a strategic, long-term allocation rather than a short-term speculative trade”.

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