Spot exchange-traded funds (ETFs) have experienced long periods of negative performance.
With $6.35 billion in net outflows over the past 30 days, the US Spot Bitcoin (BTC) ETF posted its worst monthly performance since its inception, according to a report by Galaxy Research.
This number is the highest of all 582 30-day rolling periods tracked by the firm and highlights a significant exodus of institutional capital from Bitcoin investment products.
If this trend continues, these prolonged outflows could weaken short-term demand support for Bitcoin price. Needless to say, these outflows usually signal a decline in investor sentiment, profit taking, or a shift towards a more general risk-off attitude.
Bitcoin ETF winners and losers
Over the past 30 days, BlackRock’s IBIT experienced the largest outflow totaling $4.51 billion, making it the loser of the month. Meanwhile, Morgan Stanley’s MSBT received $1.25 billion in inflows in the past 30 days after the auction.
While this was happening, the price of Bitcoin fell from around $76,000 in early May to $64,000 at the time of publication of this article.
As you can see, it was the Bitcoin price that caused the outflow, moving the price from the bullish zone to the bearish zone.
How are other ETFs performing?
meanwhile Although Bitcoin ETFs have experienced difficult times, Spot Ethereum ($ETH) ETFs also lost $1.149 billion. in $ETH Space too BlackRock’s ETHA records largest outflowmeanwhile Fidelity had the highest inflows to FETH.
As for the Solana (SOL) ETF, it has seen inflows of $113.34 million over the last 30 days. 
Source: SoSo Value
On the other hand, Ripple ($XRP) ETFs and the hype ($HYPE) Both ETFs recorded inflows over the past month.
Franklin Templeton’s new Bitcoin ETF application
But in the face of this lackluster momentum, Franklin Templeton filed a proposal with the U.S. Securities and Exchange Commission to create a new ETF that would turn stock dividends into exposure to Bitcoin.
The Franklin U.S. Equity Bitcoin DRIP Index ETF is a proposed product that aims to replicate the VettaFi U.S. Large Cap 500 Bitcoin DRIP Index, according to recent filings.
Final summary
- Over the past 30 days, BlackRock’s IBIT had the largest outflows, while Morgan Stanley’s MSBT had the largest inflows.
- While the Ethereum ETF followed a similar pattern to the Bitcoin ETF, the Solana ETF $XRP ETF and $HYPE ETFs took a different path.
