Outflows from Bitcoin and Ethereum ETFs totaled $364 million on May 12, led by Fidelity and BlackRock funds.
Bitcoin and Ethereum spot ETFs experienced combined net outflows of $364 million on May 12. Bitcoin ETFs alone saw $233 million in outflows, with Fidelity’s FBTC accounting for $86.13 million of the total.
Ethereum ETFs recorded $131 million in net outflows, driven by BlackRock’s ETHA, which contributed $102 million. The outflows mark a notable shift in investor sentiment for both cryptocurrencies.
No immediate market reaction was specified, but the outflows may signal caution among institutional investors.