Bitcoin spot ETFs saw a net outflow of $1.42 billion last week, the third highest on record

PANews June 1 Report, according to SoSoValue data, during last week's trading days (Eastern Time May 25 to May 29), Bitcoin spot ETFs experienced a net outflow of $1.42 billion, the third highest in history.

The Bitcoin spot ETF with the largest net outflow last week was Blackrock's ETF IBIT, with a weekly net outflow of $966 million. Currently, IBIT's total net outflow in history has reached $63.81 billion. The second is Grayscale Bitcoin Trust (GBTC), with a weekly net outflow of $175 million. Currently, GBTC's total net outflow in history has reached $26.62 billion.

As of press time, the total net asset value of Bitcoin spot ETFs is $94.17 billion, with an ETF net asset ratio (market value as a percentage of Bitcoin's total market value) of 6.38%. The cumulative net inflow in history has reached $55.66 billion.

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