Bitcoin ETFs recorded a substantial net outflow of $277.50 million on May 7, ending a five-day streak of inflows. Fidelity's FBTC led the withdrawals with $128.99 million, followed by BlackRock's IBIT at $98.02 million. The cumulative net inflow for Bitcoin ETFs since their launch remains above $59 billion, despite the recent setback. Total net assets across these funds fell to $106.77 billion from $108.76 billion the previous day. Ethereum ETFs also faced a challenging session, with $103.52 million in outflows, marking their first negative day in five sessions. Fidelity's Ethereum fund saw the largest outflow at $62.26 million, while BlackRock's iShares Ethereum Trust lost $26.31 million. The cumulative net inflow for Ethereum products dropped to $12.08 billion, with total net assets at $13.60 billion. Trading volumes for both Bitcoin and Ethereum ETFs remained robust, with Bitcoin ETFs reaching $1.98 billion and Ethereum funds at $524.38 million.
Bitcoin and Ethereum ETFs Experience Significant Outflows on May 7
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