Bitcoin ETFs Record $1.039B Outflows as Crypto ETF Streak Ends

Key insights:

• Bitcoin ETFs posted $1.039 billion in net outflows for the week ending May 15.
• Ethereum ETFs saw $255.11 million leave the products over the same week.
• Crypto ETFs tracking XRP and Solana drew fresh inflows of $60.50 million and $58.12 million.

Spot Bitcoin exchange-traded funds posted their first weekly outflows in six weeks as broader crypto sentiment weakened across major assets.

The reversal came as Bitcoin slipped below $80,000, inflation concerns intensified, and traders reduced exposure to risk assets across equities and crypto markets. Total net withdrawals from Bitcoin funds reached $1.039 billion for the week ending May 15.

Bitcoin Funds Reverse After Strong April Rally

The weekly outflow ended a run that had drawn close to $3.5 billion into Bitcoin ETFs across six consecutive weeks of positive flows.

The previous week ending May 8 had seen $622.75 million in net inflows for Bitcoin ETFs, with May 1 adding $153.87 million and the April 24 week bringing in $823.70 million.

Earlier weekly tallies during the streak included $996.38 million for the week of April 17 and $786.31 million for the week of April 10.

The first week of April had been quieter at $22.34 million in net inflows, although the period still finished in positive territory.

The May 11-15 reversal stretched across most of the trading days in the period. Heavy outflows on May 12 and May 13 set the tone, with $233.25 million leaving Bitcoin ETFs on May 12 and another $635.23 million on May 13.

May 14 brought a partial recovery at $131.31 million in inflows before further withdrawals closed the week.

Ethereum ETFs Add $255 Million to Crypto ETFs Weekly Outflow Tally

Ether-based products also closed the week in negative territory. Ethereum ETFs posted $255.11 million in net outflows for the week ending May 15, a turn from $70.49 million in inflows the previous week.

Cumulative net inflow for Ethereum ETFs fell to $11.83 billion, with total net assets at $12.93 billion.

Trading volume across Ethereum ETFs reached $2.70 billion for the week, up from $2.41 billion the previous period.

The Ethereum ETFs’ weekly figure follows an outflow of $82.47 million for the period ending May 1.

The May 8 week had been the only positive period for Ethereum ETFs in the recent four-week stretch, with the latest reading pulling the running total back into negative territory.

Bitcoin ETFs Close Week With $58.34 Billion in Cumulative Inflow

Even with the May 11-15 setback, Bitcoin ETFs retain more than $58 billion in cumulative net inflow since their January 2024 launch.

Total net assets across Bitcoin ETFs stood at $104.29 billion at the close of the week, down from a peak above $109 billion seen on May 11.

The May 15 closing total of $58.34 billion in cumulative inflow brings the running figure back to levels last seen on April 24. This erased close to two weeks of accumulated buying activity.

May has now turned the monthly running total back into the red, with the first half of the month ending in net withdrawals across both Bitcoin ETFs and Ethereum ETFs after a strong April performance.

Smaller Crypto ETFs Buck the Trend as XRP and SOL Post Inflows

Crypto ETFs tracking other assets closed the week with positive flows, breaking from the overall pullback in the Bitcoin ETFs and Ethereum ETFs categories.

XRP funds drew $60.50 million in net inflows over the week, the largest single-week figure for the category in over a month.

Cumulative net inflow for XRP-tracking crypto ETFs now stands at $1.39 billion, with total net assets at $1.18 billion.

Solana funds added $58.12 million in net inflows for the same week. Cumulative net inflow for the Solana crypto ETFs reached $1.12 billion, with total net assets at $1.01 billion.

Weekly trading volume across the Solana funds reached $302.48 million, the highest single-week figure for the category to date.

However, broader ETF flows still showed institutions reducing overall crypto exposure as macroeconomic risks continued weighing on sentiment.

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