Summary
- US spot-Bitcoin ETFs recorded total net outflows of $70.5 million.
- The net outflows stretched to a fourth straight trading day, with BlackRock's IBIT alone losing $61.5 million.
- Fidelity's FBTC saw $10.1 million leave, while Morgan Stanley's MSBT posted net inflows of $1.1 million.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds extended their run of net outflows.
According to Farside Investors data released on May 21, the funds posted combined net outflows of $70.5 million on May 20, marking a fourth straight trading day of withdrawals.
BlackRock's IBIT accounted for $61.5 million of the outflows, while Fidelity's FBTC lost $10.1 million.
Morgan Stanley's MSBT, by contrast, recorded net inflows of $1.1 million. The remaining products saw no net flows.
shlee@bloomingbit.ioHello, I'm a reporter at bloomingbit
