Morgan Stanley’s new spot Bitcoin ETF has attracted $184 million in total inflows, a streak that coincides with a fragile U.S.-Iran ceasefire and suggests renewed institutional appetite for Bitcoin as a risk-on asset.
The inflows into the Morgan Stanley fund, which has not seen a single day of outflows, are part of a broader trend for Bitcoin ETFs. After bleeding $6.4 billion between November 2025 and February 2026, U.S. spot Bitcoin ETFs have attracted approximately $3.7 billion in the last eight weeks, according to data from SoSoValue.
The turnaround began in late February, with institutions stepping in to buy while the Crypto Fear and Greed Index was near 28, indicating fear in the market. The buying has continued through April, with a nine-day streak of inflows from April 14 to April 24. BlackRock’s IBIT has been a primary beneficiary of the renewed interest, absorbing the majority of the new capital.
The sustained inflows have supported Bitcoin’s price, which is up 10.73% over the past month to $77,516.55 as of April 26, 2026. The key question is whether the current pace of inflows is sustainable. Daily flows have averaged around $90 million over the past eight weeks. A consistent daily inflow above $300 million would signal a structural shift in institutional allocation, while a drop below $100 million could indicate the recent run was merely a temporary bounce.
This article is for informational purposes only and does not constitute investment advice.
