The Bitcoin Spot ETF Net Inflow on May 10, 2024, is recorded at -$84.7M!

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

• The net inflow has been negative for 2 consecutive trading days.
• The cumulative total net inflow after 84 trading days was further lowered to $11.68B.
• Grayscale Bitcoin Trust (GBTC) accelerated the single-day outflow to $103M (almost 2.37 times higher than the previous trading day). This is Grayscale's largest outflow in the past trading week.
• Otherwise, 6 out of the other 9 Bitcoin ETFs had zero flows, suggesting a feeble buying pressure.

Follow @spotonchain and check out the latest data via this link.

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