Bitcoin Spot ETFs See $225M Net Outflow After Seven-Day Streak

A streak of net inflows into Bitcoin spot ETFs came to an end yesterday, as these investment vehicles collectively saw a total net outflow of $225 million. According to SoSoValue data, the highest single-day net inflow was recorded by the Morgan Stanley ETF MSBT, with a net inflow of $5.0108 million.

This is notable because MSBT's historical total net inflow now stands at $400 million, indicating that it has been a popular choice among investors. In contrast, Blackrock's IBIT saw the largest single-day net outflow yesterday, with a net outflow of $202 million.

The total net asset value of Bitcoin spot ETFs is currently at $78.817 billion, and their net asset ratio (market cap as a percentage of Bitcoin's total market cap) has reached 6.03%. The historical cumulative net inflow into these vehicles now stands at $51.626 billion.