Morgan Stanley Drives BTC Inflows as XRP ETFs Pull $26M on Clarity Act Hopes

Bitcoin ETFs Rebound With $27M Inflows Despite Outflows on Blackrock’s IBIT

Institutional crypto flows started the week on uneven ground. Bitcoin products returned to positive territory on Monday, May 11, but the broader market showed a clear divergence between legacy crypto assets and newer thematic bets tied to regulation and blockchain infrastructure.

Spot bitcoin ETFs recorded net inflows of $27.29 million, reversing course after two straight sessions of outflows to close last week. The gains were led by Morgan Stanley’s MSBT, which attracted $26.30 million and emerged as the session’s strongest performer. Invesco’s BTCO and Vaneck’s HODL added $7.34 million and $4.63 million, respectively.

The buying was partially offset by weakness in some of the market’s largest funds. Blackrock’s IBIT posted $7.43 million in outflows, while Fidelity’s FBTC shed $3.57 million. Despite the mixed positioning, the category finished the day in positive territory, with trading volume reaching $1.97 billion. Total net assets climbed to $109.08 billion.

Ether ETFs were less resilient. The segment recorded net outflows of $16.89 million, extending the cautious tone that has weighed on ethereum-focused products in recent sessions.

Blackrock’s ETHA was the lone bright spot, bringing in $2.12 million. But that was outweighed by broad-based selling elsewhere. Grayscale’s ETHE led the exits with $7.59 million in outflows, followed by Grayscale’s Ether Mini Trust at $5.55 million and Fidelity’s FETH at $4.66 million. Blackrock’s ETHB also slipped into negative territory with a $1.20 million outflow. Total trading value stood at $467.73 million, while net assets closed at $13.85 billion.

The strongest momentum came from XRP ETFs, which attracted $25.80 million in net inflows. Franklin’s XRPZ led the move with $13.62 million, while Bitwise’s XRP fund and Grayscale’s GXRP added $7.59 million and $4.59 million, respectively. Trading volume reached $32.31 million, with net assets climbing to $1.18 billion.

The inflows come as optimism builds around the proposed Clarity Act, which some market participants believe could reshape the regulatory outlook for XRP and the broader Ripple ecosystem.

Trader Vincent Van Code argued that the legislation could provide banks and financial institutions with the legal certainty needed to use XRP Ledger liquidity at scale. The thesis centers on Ripple’s escrow holdings potentially serving as deep institutional liquidity pools, alongside growing links to tokenized products.

According to the analysis, XRP could evolve into a high-velocity collateral asset designed for large-scale institutional settlement flows, a narrative that appears to be fueling recent investor interest.

Solana ETFs also posted a strong session, bringing in $26.57 million in inflows. Bitwise’s BSOL dominated the category with $21.62 million, while Fidelity’s FSOL and Grayscale’s GSOL added smaller gains. Trading volume reached $103.97 million, and net assets closed at $1.07 billion.

The day’s flows suggest investors are becoming increasingly selective. Bitcoin remains steady, ether is struggling to regain momentum, and capital is beginning to rotate toward assets tied to emerging regulatory and infrastructure narratives.