The U.S. Bitcoin Spot ETF and Ethereum ETF both experienced net outflows yesterday
On May 7, according to SoSoValue data, the Bitcoin Spot ETF had a total net outflow of $85.64 million yesterday, marking the first day of net outflows after three consecutive days of net inflows.
Among them, BlackRock's Bitcoin ETF IBIT was the only ETF that recorded a net inflow, with a net inflow of $36.73 million yesterday, bringing the total net inflow to $44.25 billion;
Meanwhile, Grayscale's Bitcoin Spot ETF GBTC saw a single-day net outflow of $89.92 million, with a cumulative net outflow of $22.85 billion. Additionally, Ark & 21Shares Bitcoin ETF ARKB, Franklin Bitcoin ETF EZBC, and VanEck Bitcoin ETF HODL recorded net outflows of $16.12 million, $8.26 million, and $8.07 million respectively.
As of now, the total net assets of Bitcoin Spot ETFs amount to $111.15 billion, accounting for 5.91% of the total BTC market capitalization, with a cumulative total net inflow of $40.58 billion.
On the same day, the Ethereum Spot ETF had a total net outflow of $17.87 million, with Fidelity's FETH being the only Ethereum ETF to show a net outflow, while the remaining 8 ETFs did not show any net inflow or outflow on that day.
As of now, the total assets of ETH Spot ETFs stand at $6.18 billion, accounting for 2.88% of the total ETH market capitalization, with a cumulative total net inflow of $2.49 billion.
