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U.S. spot Bitcoin ETFs post $146 million net outflow on May 8; Fidelity's FBTC sees biggest redemption at $97.6 million

U.S. spot Bitcoin ETFs logged a combined net outflow of $146 million on May 8 (Eastern Time), according to SoSoValue data cited by ME News as of May 9 (UTC+8). Morgan Stanley's MSBT led daily inflows, bringing in $5.7385 million. Its cumulative net inflows stand at $194 million. Fidelity's FBTC posted the largest daily outflow, with $97.60 million redeemed. FBTC's cumulative net inflows total $11.134 billion. At the time of reporting, spot Bitcoin ETFs held $106.611 billion in net assets. The category's net asset ratio—market cap as a share of Bitcoin's total market capitalization—was 6.67%, with historical cumulative net inflows of $59.34 billion. (Source: SoSoValue)
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