Bitcoin ETFs see $94M outflows despite Morgan Stanley's $31M debut fund inflows

Bitcoin ETFs experienced a net outflow of $93.9 million despite Morgan Stanley's new MSBT fund attracting $30.6 million due to its low fees. Blackrock's IBIT also saw strong inflows of $40.38 million, but large outflows from Fidelity's FBTC and other funds outweighed these gains. Ether ETFs followed a similar pattern with $18.6 million in outflows despite inflows into select funds. Overall, the crypto ETF market shows uneven demand with new capital entering but not enough to offset redemptions, indicating fragmented investor interest.