PiCK
US Spot-Bitcoin ETFs See $70.5 Million in Net Outflows for Fourth Straight Session
Suehyeon Lee
Summary
- US spot-Bitcoin ETFs recorded total net outflows of $70.5 million.
- The funds have now posted net outflows for four straight trading days, with BlackRock's IBIT alone seeing $61.5 million leave.
- Fidelity's FBTC recorded net outflows of $10.1 million, 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.
Data from Farside Investors showed the products posted net outflows totaling $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 posted net outflows of $10.1 million.
Morgan Stanley's MSBT, by contrast, recorded net inflows of $1.1 million. The remaining products saw no net flows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
