Bitcoin spot ETFs recorded a $277 million net outflow on May 7, the first outflow after five consecutive days of inflows.

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Bitcoin news: Spot ETFs recorded a $277 million net outflow on May 7, ending five consecutive days of inflows. Morgan Stanley’s MSBT ETF added $7.35 million, while Fidelity’s FBTC ETF lost $129 million. Total net assets reached $106.77 billion, representing a 6.67% ratio to Bitcoin’s market capitalization.

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

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

Second is the Grayscale Bitcoin Mini Trust ETF (BTC), with a single-day net inflow of $5.67 million; the total historical net inflow for BTC now stands at $2.291 billion.

The Bitcoin spot ETF with the largest single-day net outflow yesterday was Fidelity’s FBTC, with a net outflow of $129 million; FBTC’s total historical net inflow now stands at $11.232 billion.

As of the time of publication, the total net asset value of spot Bitcoin ETFs is $106.766 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin’s total market cap) of 6.67%, and cumulative net inflows since inception reaching $59.486 billion.

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