Morgan Stanley revives Bitcoin inflows as XRP ETFs already attract millions of dollars thanks to the Clarity Act

Institutional capital is starting to change direction in the US crypto market. If bitcoin regains inflows thanks to Morgan Stanley, ETFs linked to XRP and Solana are now attracting a growing share of flows. Driven by expectations surrounding the Clarity Act, this movement contrasts with the persistent weakness of Ethereum ETFs and reveals a gradual repositioning of investors on assets most exposed to the future American regulatory framework.

Morgan Stanley relaunches Bitcoin ETFs despite pressure on Ethereum

US spot Bitcoin ETFs recorded $27.29 million in net inflows on May 11, ending two consecutive sessions of capital outflows. The main contributor to this recovery remains Morgan Stanley's MSBT fund, which alone concentrates $26.30 million in inflows.

Conversely, several heavyweights in the sector ended the session in the red. BlackRock IBIT posts $7.43 million in net outflows while Fidelity FBTC drops $3.57 million. Bitcoin ETF daily volume reached $1.97 billion, with cumulative net assets estimated at $109.08 billion.

Here are some key figures :

• $27.29 million in net inflows into spot Bitcoin ETFs;
• $26.30 million injected into Morgan Stanley's MSBT fund;
• $7.43 million in outflows for BlackRock IBIT;
• $3.57 million in withdrawals from Fidelity FBTC;
• $16.89 million in net outflows from Ethereum ETFs;
• $1.97 billion in daily volume on BTC ETFs.

The contrast between bitcoin and Ethereum is now fueling comments from analysts specializing in institutional flows. Thus, investors become more selective. Bitcoin remains stable, ether struggles to regain momentum, while capital begins to redirect towards assets driven by new regulatory dynamics and emerging infrastructure.

This dynamic reflects a more defensive approach around bitcoin, perceived as the most mature asset on the market, while Ethereum is still struggling to find a catalyst strong enough to reverse the trend observed on American ETFs.

XRP and Solana are already benefiting from expectations around the Clarity Act

The session also confirmed the growing interest of investors in ETFs linked to altcoins. XRP-backed products recorded $25.80 million in net inflows, driven by anticipations around the US Clarity Act. Franklin's XRPZ fund dominates flows with $13.62 million, ahead of products offered by Bitwise and Grayscale. This progression comes as several market players now consider XRP as one of the assets likely to benefit from a clarified regulatory framework in the United States.

Also, Solana ETFs attracted $26.57 million, with a strong contribution from Bitwise's BSOL fund. This dynamic shows that investors are no longer limited to spot Bitcoin ETFs alone. Part of the capital now seems to be seeking exposure to blockchains considered strategic for future tokenized financial infrastructures. The flows observed on XRP and Solana thus reflect a logic different from that of bitcoin. Here, the market is betting less on a store of value than on ecosystems capable of taking advantage of American regulatory developments.

This redistribution of flows could gradually modify the balance of the crypto ETF market in the United States. Bitcoin maintains its status as a dominant asset among institutions, but the movements observed on XRP and Solana show that the next battle will also be played out on regulatory and technological grounds. If the Clarity Act were to strengthen the legal visibility of cryptos, certain altcoins could benefit from institutional acceleration much faster than anticipated.