Net inflows into spot Bitcoin ETFs dropped sharply to $14.47 million, down from $231.6 million on April 23, according to data from Trader T. BlackRock's IBIT led the inflows with $22.9 million, while Morgan Stanley's MSBT followed with $11.13 million. Conversely, Fidelity's FBTC saw outflows of $1.69 million, Bitwise's BITB had outflows of $8.85 million, and Ark's ARKB recorded outflows of $9.02 million. Other major products, including those from Invesco, Franklin, Valkyrie, VanEck, WisdomTree, and Grayscale, reported no net flows for the day.