The Bitcoin spot ETF recorded a net inflow of $46.3306 million on May 6th, Eastern Time, indicating continued market demand for this product class.
The BlackRock ETF IBIT led the way with a net inflow of $135 million for the day, bringing its historical total net inflow to $1.048 billion. Conversely, the Fidelity ETF FBTC recorded a net outflow of $38.9528 million, although its historical total net inflow remained at $11.361 billion.
The total net asset value of Bitcoin spot ETFs currently stands at $108.756 billion. The ETF net asset ratio to Bitcoin's market Capital is 6.67%, while cumulative net inflows have reached $59.764 billion.
Data shows that cash flow between funds remains divergent, with IBIT attracting more Capital while FBTC recorded Capital during the day. Further details on the reasons for this fluctuation are not yet available.
