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Bitcoin spot ETFs recorded a $105 million net outflow on May 22, marking the sixth consecutive day of outflows.

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Bitcoin news reports that Bitcoin spot ETFs experienced a $105 million net outflow on May 22, marking the sixth consecutive day of withdrawals. BlackRock’s IBIT led the outflows with $68.89 million, while Fidelity’s FBTC lost $36.29 million. Total assets in Bitcoin spot ETFs now stand at $98.87 billion, representing a 6.49% ratio to Bitcoin’s market capitalization. Bitcoin analysis suggests continued pressure in the ETF space.

Odaily Planet Daily report: According to SoSoValue data, Bitcoin spot ETFs recorded a total net outflow of $105 million yesterday (Eastern Time, May 22).

The Bitcoin spot ETF with the largest single-day net outflow yesterday was BlackRock’s IBIT, with a net outflow of $68.89 million; IBIT’s total historical net inflow now stands at $64.773 billion.

Second is Fidelity's ETF FBTC, with a single-day net outflow of $36.29 million; the total historical net inflow for FBTC has reached $10.764 billion.

As of the time of writing, the total net asset value of spot Bitcoin ETFs is $98.866 billion, with an ETF net asset ratio (market value as a percentage of Bitcoin’s total market cap) of 6.49%, and cumulative net inflows since inception reaching $57.084 billion.

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