Bitcoin Spot ETFs Saw Net Outflows of $1.257 Billion Last Week

According to Odaily citing SoSoValue data, during the trading week (May 18 to May 22, Eastern Time), Bitcoin spot ETFs experienced net outflows of $1.257 billion. The Bitcoin spot ETF with the largest net outflow last week was BlackRock's ETF IBIT, with a weekly net outflow of $1.008 billion. IBIT's total historical net outflow currently stands at $64.77 billion. It was followed by Fidelity's ETF FBTC, which had a weekly net outflow of $112 million, bringing its total historical net outflow to $10.76 billion. The Bitcoin spot ETF with the largest net inflow last week was Morgan Stanley's ETF MSBT, with a single-week net inflow of $1.1107 million. MSBT's total historical net inflow has now reached $234 million. As of press time, the total net asset value of Bitcoin spot ETFs stands at $98.87 billion. The ETF net asset ratio (market cap as a percentage of Bitcoin's total market cap) is 6.49%, and the cumulative historical net inflow has reached $57.08 billion.