The Bitcoin Spot ETF Net Inflow on May 1, 2024, is recorded at -$564M!

Notably, below are a few key updates on the statistics of 10 Bitcoin Spot ETFs:

• This is the largest single-day net outflow that the 10 Bitcoin ETFs have ever experienced.
• All 10 Bitcoin ETFs had single-day outflows, particularly with BlackRock iShares Bitcoin Trust (IBIT) seeing the first outflow since its inception.
• The net inflow has been negative for 6 consecutive trading days, marking the longest streak ever.
• The cumulative total net inflow after 77 trading days dropped dramatically to $11.22B, the lowest level in the past 28 trading days.
• The single-day outflow of Grayscale Bitcoin Trust (GBTC) increased from $93.2M to $167.4M (1.8 times higher).

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Fig 1. 30-Day Net Inflow of 10 Bitcoin ETFs.