PiCK

US Spot Bitcoin ETFs See $145.64 Million in Outflows for Second Straight Day

Doohyun Hwang

Summary

U.S. spot Bitcoin ETFs posted net outflows for a second straight trading day.
The 12 U.S. spot Bitcoin ETFs recorded combined net outflows of $145.64 million on May 8, SoSoValue data showed.
Fidelity's FBTC posted $97.6 million in net outflows, while Morgan Stanley's MSBT recorded net inflows of $5.74 million.

Forecast Trend Report by Period

U.S. spot Bitcoin exchange-traded funds posted net outflows for a second consecutive trading day.

Data from SoSoValue showed the 12 U.S. spot Bitcoin ETFs recorded combined net outflows of $145.64 million on May 8.

Fidelity's FBTC led the withdrawals, with $97.6 million in net outflows, accounting for more than half of the total. BlackRock's IBIT and Ark Invest's ARKB also posted net outflows of $27.22 million and $26.56 million, respectively.

Morgan Stanley's MSBT, meanwhile, recorded net inflows of $5.74 million, making it the only one of the 12 ETFs to post a net inflow.

Bitwise's BITB, Invesco's BTCO, Franklin Templeton's EZBC, Valkyrie's BRRR, VanEck's HODL, WisdomTree's BTCW, and Grayscale's GBTC and BTC Mini Trust recorded no net flows.

BTC