"Spot bitcoin ETFs recorded a net outflow of $1 billion for the week, ending six consecutive weeks of positive flows. The pressure was widespread, but a handful of products accounted for the bulk of the decline. Ark & 21Shares' ARKB led all outflows with $324.2 million leaving the fund. Blackrock's IBIT followed closely, with $317.1 million in net outflows, a notable shift for a product that has often served as the market's strongest inflow engine."
"Fidelity's FBTC lost another $259 million, while Grayscale's GBTC posted $92.8 million in outflows. Additional weakness came from Bitwise's BITB and Franklin's EZBC, which shed $46.8 million and $21 million, respectively. There were only a few pockets of resilience. Morgan Stanley's MSBT stood out with $39.1 million in inflows, while Vaneck's HODL and Grayscale's BTC product added $12.1 million and $12.6 million. Invesco's BTCO managed a marginal positive flow of $1.6 million."
"Despite the heavy withdrawals, trading activity remained elevated throughout the week, signaling that institutional participation has not faded even as sentiment turns more defensive. Ether ETFs faced a similarly difficult environment. Spot ether funds recorded a weekly net outflow of $255.11 million, extending a broader period of caution around the asset class. Blackrock's ETHA and Fidelity's FETH consistently led the declines du"
"XRP and solana demand rose as investors favored crypto assets tied to regulation and utility. The mood in digital asset markets shifted decisively between May 11 and May 15. What began as a cautious pullback quickly evolved into one of the weakest weeks for bitcoin exchange-traded funds (ETFs) in recent months, driven by heavy institutional selling across several of the market's largest funds."
Spot bitcoin ETFs recorded a $1 billion net outflow for the week, ending six consecutive weeks of positive flows. Outflows were widespread across major products, with ARKB leading at $324.2 million and IBIT following with $317.1 million in net outflows. FBTC lost $259 million and GBTC posted $92.8 million in outflows, while BITB and EZBC shed $46.8 million and $21 million. Only a few funds showed resilience, including MSBT with $39.1 million inflows, HODL with $12.1 million, and BTC with $12.6 million, plus BTCO with a small positive flow. Trading activity stayed elevated despite the withdrawals. Spot ether ETFs recorded a $255.11 million net outflow, extending caution around ether. XRP and solana saw inflows of $60.5 million and $58.12 million, reflecting preference for crypto assets tied to regulation and utility.
Read at news.bitcoin.com
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