Spot Bitcoin ETFs see $125 million net outflow on May 29, extending streak to 10 days

Spot Bitcoin exchange-traded funds (ETFs) posted a combined net outflow of $125 million on May 29 (U.S. Eastern Time), marking the 10th straight day of redemptions, according to SoSoValue data cited by Odaily Planet Daily. BlackRock's IBIT led the day's outflows, with $68.1994 million redeemed; its cumulative historical net inflow stands at $63.807 billion. Fidelity's FBTC followed with a $31.9473 million net outflow, while its total historical net inflow reached $10.595 billion. As of publication, spot Bitcoin ETFs held $94.169 billion in total net assets. Their net asset ratio—ETF market value as a share of Bitcoin's total market capitalization—was 6.38%, and cumulative net inflows since launch totaled $55.663 billion.