Bitcoin spot ETF recorded a net inflow of $623 million last week, achieving net inflows for six consecutive weeks

The Odaily Planet Daily reports that according to SoSoValue data, Bitcoin spot ETFs saw a net inflow of $623 million during the trading week (from May 4 to May 8, Eastern Time).

The Bitcoin spot ETF with the highest net inflow last week was Blackrock's ETF IBIT, with a weekly net inflow of $596 million. IBIT's total historical net inflow currently stands at $66.10 billion. This was followed by the Ark & 21 Shares ETF ARKB, with a weekly net inflow of $53.0917 million, bringing ARKB's total historical net inflow to $1.710 billion.

The Bitcoin spot ETF with the largest net outflow last week was Grayscale's Bitcoin Trust GBTC, with a weekly net outflow of $62.2783 million, bringing GBTC's total historical net outflow to $26.350 billion.

As of press time, the total net asset value of Bitcoin spot ETFs is $106.610 billion, the ETF net asset ratio (market cap as a percentage of Bitcoin's total market cap) is 6.67%, and the historical cumulative net inflow has reached $59.340 billion.