Bitcoin spot ETFs post $290 million net outflow on May 15

Bitcoin spot ETFs saw a combined net outflow of $290 million on May 15 (U.S. Eastern Time), according to SoSoValue data cited by ChainCatcher. BlackRock's iShares Bitcoin Trust (IBIT) recorded the largest single-day net redemption at $136 million, bringing its cumulative net inflows to $65.781 billion. Ark Invest and 21Shares' ARKB followed with a $524.817 million single-day net outflow; its cumulative net inflows stand at $13.89 billion. As of publication, total net asset value across Bitcoin spot ETFs was $104.289 billion. The sector's net asset ratio—ETF market value as a share of Bitcoin's total market capitalization—stood at 6.58%, while cumulative net inflows since launch reached $58.34 billion.