Data: Bitcoin spot ETFs saw a total net outflow of $277 million yesterday, marking the first net outflow after five days of net inflows.

According to data from SoSoValue, as reported by Mars Finance, Bitcoin spot ETFs saw a total net outflow of $277 million yesterday (May 7th, Eastern Time). The ETF with the largest single-day net inflow was the Morgan Stanley ETF (MSBT), with a net inflow of $7.3461 million, bringing its historical total net inflow to $188 million. This was followed by the Grayscale Bitcoin Mini Trust ETF (BTC), with a net inflow of $5.6709 million, bringing its historical total net inflow to $2.291 billion. Conversely, the Fidelity ETF (FBTC) experienced the largest single-day net outflow of $129 million, bringing its historical total net inflow to $11.232 billion. As of press time, the total net asset value of Bitcoin spot ETFs was $106.766 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.67%, and a historical cumulative net inflow of $59.486 billion.