Bitcoin spot ETFs experienced a net outflow of $105 million on May 22, marking the sixth consecutive day of withdrawals. BlackRock's IBIT led the outflows with $68.89 million, bringing its total historical net inflow to $64.773 billion. Fidelity's FBTC followed with a $36.29 million outflow, contributing to its total historical net inflow of $10.764 billion. The total net asset value of spot Bitcoin ETFs stands at $98.866 billion, with a net asset ratio of 6.49% relative to Bitcoin's total market cap, and cumulative net inflows since inception reaching $57.084 billion.
Bitcoin Spot ETFs See $105 Million Outflow, Sixth Consecutive Day of Withdrawals
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