Bitcoin spot ETF saw total net outflow of $277 million yesterday, the first net outflow after 5 consecutive days of net inflows

Odaily Planet Daily News, according to SoSoValue data, yesterday (Eastern Time May 7) Bitcoin spot ETFs recorded a total net outflow of $277 million.

For yesterday's single-day net inflows, the Bitcoin spot ETF with the highest inflow was Morgan Stanley ETF MSBT, with a net inflow of $7.3461 million. The historical total net inflow of MSBT has now reached $188 million.

This was followed by Grayscale Bitcoin Mini Trust ETF BTC, with a single-day net inflow of $5.6709 million. BTC's historical total net inflow currently stands at $2.291 billion.

For yesterday's single-day net outflows, the Bitcoin spot ETF with the largest outflow was Fidelity ETF FBTC, with a net outflow of $129 million. FBTC's historical total net inflow has reached $11.232 billion.

As of press time, the total net asset value of Bitcoin spot ETFs was $106.766 billion, with the ETF net asset ratio (market value as a percentage of Bitcoin's total market cap) reaching 6.67%. The historical cumulative net inflow has reached $59.486 billion.