TechFlow news, according to SoSoValue data, spot Bitcoin ETFs saw a total net inflow of $108 million yesterday (May 23, Eastern Time). Grayscale's GBTC ETF recorded a single-day net outflow of $13.72 million, bringing GBTC's historical net outflow to $17.641 billion.
BlackRock's IBIT ETF was the top-performing spot Bitcoin ETF by daily net inflow yesterday, with a net inflow of $88.95 million. IBIT's cumulative net inflow now stands at $16.171 billion. Fidelity's FBTC ETF followed with a daily net inflow of $19.12 million, bringing its total historical net inflow to $8.67 billion.
As of press time, the total net asset value of spot Bitcoin ETFs reached $57.292 billion, representing an ETF net asset ratio (market value as a percentage of Bitcoin's total market cap) of 4.29%. The historical cumulative net inflow amounts to $13.435 billion.
