US Spot Bitcoin ETFs Post $70.5 Million in Net Outflows, Extending Four-Day Streak
Bloomingbit Newsroom
Summary
- US spot Bitcoin ETFs recorded total net outflows of $70.5 million.
- The outflows stretched to a fourth straight trading session, with BlackRock's IBIT losing $61.5 million and Fidelity's FBTC posting $10.1 million in withdrawals.
- By contrast, Morgan Stanley's MSBT recorded net inflows of $1.1 million, while the remaining products saw no changes.
Forecast Trend Report by Period
US spot Bitcoin exchange-traded funds extended their net outflow streak.
Farside Investors data released on May 21 showed US spot Bitcoin ETFs recorded net outflows of $70.5 million the previous day. That marked a fourth consecutive trading session of net outflows.
BlackRock's IBIT accounted for $61.5 million of the outflows, while Fidelity's FBTC saw $10.1 million leave the fund.
Morgan Stanley's MSBT, by contrast, recorded net inflows of $1.1 million. The remaining products posted no net flows.
Bloomingbit Newsroom
news@bloomingbit.ioFor news reports, news@bloomingbit.io
