PiCK
US Spot-Bitcoin ETFs See $333.61 Million in Net Outflows, Extending Streak to Seven Sessions
Suehyeon Lee
Summary
- The US spot Bitcoin (BTC) exchange-traded fund (ETF) market continued to see outflows.
- On May 27, the US spot Bitcoin ETF market recorded total net outflows of $333.61 million, marking a seventh straight trading day of net outflows.
- Large outflows were recorded from BlackRock's IBIT, Fidelity's FBTC, Bitwise's BITB, Grayscale's GBTC, and Grayscale's Mini BTC ETF.
Forecast Trend Report by Period
Outflows continued from the US spot-Bitcoin exchange-traded fund market.
US spot-Bitcoin ETFs recorded net outflows of $333.61 million in the previous session on May 27, according to Trader T data. That marked a seventh straight trading day of net withdrawals.
BlackRock's IBIT posted the largest outflow, with $192.34 million leaving the fund in a single day.
Fidelity's FBTC saw net outflows of $57.74 million, while Bitwise's BITB posted $28.81 million in net outflows. Grayscale's GBTC recorded net outflows of $41.29 million.
Grayscale's Mini Bitcoin ETF also posted outflows of $13.43 million.
The remaining products saw no net inflows or outflows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
