U.S. spot Bitcoin ETFs saw $347 million worth of total net outflows on May 29

U.S. spot Bitcoin ETFs experienced a combined net outflow of $347 million on May 29, marking a shift back to net outflows after 11 consecutive trading days of inflows, according to Trader T (@thepfund) on X. Fidelity’s FBTC led with $166.32 million in net outflows, followed by Grayscale’s GBTC ($107.53 million), ARK Invest’s ARKB ($89.22 million), Bitwise’s BITB ($70.85 million), Invesco’s BTCO ($20.05 million), VanEck’s HODL ($11.98 million) and Franklin Templeton’s EZBC ($6.13 million). Meanwhile, BlackRock’s IBIT was the only ETF to record a net inflow, totaling $125.22 million. Other ETFs reported no changes in their holdings for the day.