PiCK
US Spot-Bitcoin ETFs Post $733.4 Million of Net Outflows, Extending Streak to Eight Sessions
Summary
- U.S. spot-Bitcoin ETFs recorded total net outflows of $733.4 million, extending the streak to eight straight trading sessions.
- BlackRock's IBIT lost $527.82 million in a single day, while net outflows also continued from Fidelity's FBTC and Grayscale's GBTC.
- By contrast, Morgan Stanley's MSBT posted net inflows of $4.29 million, while the remaining products recorded no net flows.
Forecast Trend Report by Period
U.S. spot-Bitcoin exchange-traded funds continued to see heavy withdrawals.
Trader T data for May 28 showed the U.S. spot-Bitcoin ETF market recorded total net outflows of $733.4 million a day earlier. That marked an eighth straight trading session of net outflows.
BlackRock's IBIT posted the largest withdrawal, with $527.82 million leaving the fund in a single day.
Fidelity's FBTC recorded net outflows of $60.3 million. Grayscale's GBTC lost $104.76 million, while Bitwise's BITB saw $17.48 million in outflows. Ark Invest's ARKB also posted net outflows of $17.39 million, and Grayscale Mini BTC recorded net outflows of $9.94 million.
Morgan Stanley's MSBT, by contrast, posted net inflows of $4.29 million. The remaining products recorded no net flows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
