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via The Block · By The Block Editorial

Spot bitcoin ETFs extend negative streak, following $2.4 billion monthly outflows in May

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The Block Editorial

(05:47 AM UTC)

1 min read

Verified bySarah Chen

0 comments

U.S. spot bitcoin exchange-traded funds extended their negative streak to an 11th consecutive day following monthly net outflows in May.

According to data from SoSoValue, the bitcoin ETFs posted $483.8 million in net outflows on Monday, led by $440.3 million exiting BlackRock's IBIT. The only net inflow of the day came from Morgan Stanley's MSBT, which added $6.14 million.

During the past 11…

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