ETF Fees

How ETF Flows, Fee Compression and On‑Chain Supply Are Rewriting BTC Price Dynamics in Q1 2026 – cover image
How ETF Flows, Fee Compression and On‑Chain Supply Are Rewriting BTC Price Dynamics in Q1 2026

Q1 2026 saw a turning point: spot‑Bitcoin ETF inflows reversed with $296M in weekly outflows, fee competition ramped up via a proposed 0.14% Morgan Stanley ETF, and on‑chain sellers—sovereigns and stressed miners—added supply pressure. Institutional allocators must now weigh cheaper access against persistent sell-side flows and macro rate expectations.