Fidelity and Grayscale Lead Outflows as Bitcoin and Ethereum ETFs See Red on May 14
Bitcoin and Ethereum exchange-traded funds (ETFs) recorded net outflows on May 14, 2025, according to data from Lookonchain.
This combined pullback from crypto ETFs reflects a degree of investor caution or profit-taking, despite generally strong holdings remaining across these top investment vehicles.
The Fidelity Wise Origin Bitcoin Fund (FBTC) reported the largest single-day outflow, shedding 873 BTC worth around $90.69 million. Despite the dip, Fidelity still holds 198,247 BTC, valued at roughly $20.6 billion.
This drop contributed to the overall net outflow of 915 BTC across 10 major Bitcoin ETFs. The total Bitcoin held by these funds now stands at 1,172,985 BTC, equivalent to $121.89 billion.
Other established Bitcoin ETFs, including the Grayscale Bitcoin Trust (GBTC), also saw exits. GBTC lost 331 BTC on the day and 1,956 BTC over the past week. However, iShares Bitcoin Trust (IBIT), the largest with 625,736 BTC, recorded no daily movement but added 5,204 BTC over the week.
In contrast to the outflows, Valkyrie (BRRR) and Invesco Galaxy (BTCO) saw modest inflows of 89 BTC and 200 BTC, respectively, helping offset losses. Funds from ARK 21Shares, Bitwise, and VanEck remained neutral with no daily changes reported by Lookonchain.
Ethereum ETFs experienced even higher weekly pressure compared to their Bitcoin counterparts, logging a combined outflow of 18,129 ETH over the past seven days. On May 14 alone, net outflows reached 1,979 ETH, equivalent to $5.15 million.
The Fidelity Ethereum Fund (FETH) led with a weekly exit of 12,489 ETH. Meanwhile, the Grayscale Ethereum Trust (ETHE) saw 3,983 ETH leave in 24 hours, totaling 4,448 ETH out over the week.
Despite losses, ETHE still holds 1,129,089 ETH, worth about $2.94 billion. iShares Ethereum Trust (ETHA), the largest with 1,259,017 ETH, remained unchanged but saw a 7-day outflow of 4,541 ETH.
On a positive note for Ethereum ETFs, Franklin’s Ethereum ETF (EZET) reported the strongest single-day inflow of 1,139 ETH. Invesco Galaxy’s QETH followed with 866 ETH. Both marked the only positive flows in the group.
Overall, the nine Ethereum ETFs monitored by Lookonchain now hold a combined 3,441,744 ETH, worth approximately $8.95 billion.
The Lookonchain crypto ETF data suggests investors appear to be rotating capital or locking in profits, while waiting for stronger, more definitive signals from the broader crypto market.
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Bitcoin spot ETF had a total net inflow of $5.0967 million yesterday, continuing its net inflow for 4 consecutive days
According to SoSoValue data, yesterday (May 12, Eastern Time), the total net inflow of Bitcoin spot ETFs was $5.0967 million. The Bitcoin spot ETF with the largest net inflow in a single day yesterday was Blackrock ETF IBIT, with a single-day net inflow of $69.408 million. Currently, IBIT's total net inflow has reached $44.781 billion. The Bitcoin spot ETF with the largest net outflow in a single day yesterday was Grayscale ETF GBTC, with a single-day net outflow of $32.934 million. Currently, GBTC's total net outflow has reached $22.951 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $119.673 billion, the ETF net asset ratio (market value to the total market value of Bitcoin) is 5.87%, and the historical cumulative net inflow has reached $41.176 billion.
U.S. spot ETH ETFs Face Crucial $17.6M Outflow Blow
The world of cryptocurrency investments through traditional financial vehicles is constantly evolving, and recent data points offer crucial insights. Investors keeping a close eye on the emerging landscape of regulated crypto products noted a specific movement this week: U.S. spot Ethereum (ETH) ETFs experienced a net outflow on May 12.
U.S. spot ETH ETFs are investment funds traded on traditional stock exchanges that hold actual Ethereum as the underlying asset. Unlike futures ETFs, which track the price of ETH futures contracts, spot ETFs aim to directly reflect the price performance of Ethereum itself. These products were highly anticipated as they offer a more accessible and regulated way for institutional and retail investors to gain exposure to ETH without directly buying and holding the cryptocurrency.
The launch and subsequent performance of these ETFs are seen as significant indicators of broader market sentiment and institutional adoption. Their flows – the movement of money into (inflows) or out of (outflows) the funds – are closely watched by analysts and investors alike, providing clues about demand and market positioning.
According to data compiled by Farside Investors, May 12 saw a net outflow of $17.6 million from Ethereum ETF outflows in the U.S. This marked a swift return to negative flows, occurring just one day after these products had recorded a brief period of net inflows.
Breaking down the data reveals where the outflows originated:
While $17.6 million might seem modest compared to the multi-billion dollar market capitalization of Ethereum, it represents a net withdrawal of capital from these specific investment vehicles on that particular day, highlighting shifting sentiment among their holders.
Monitoring ETH ETF flows provides valuable insights into the dynamics of the regulated crypto investment space. Here’s why these numbers matter:
The introduction of the Spot Ethereum ETF in the U.S. was a landmark event, opening doors for a wider range of investors. However, like any new financial product tied to a volatile asset class, it faces both opportunities and challenges.
Benefits for Investors:
Challenges and Considerations:
The May 12 outflow is a reminder that flows in these new products can be dynamic and reflect the typical buy-and-sell activity seen in any traded fund.
The U.S. Crypto ETF market is expanding beyond just Bitcoin. With the approval and launch of spot ETH ETFs, investors now have more options to gain regulated exposure to major cryptocurrencies.
Comparing ETH ETF flows to Bitcoin ETF flows is natural. Bitcoin ETFs have seen periods of massive inflows, particularly shortly after their launch, but also periods of outflows, often linked to market corrections or specific fund dynamics (like Grayscale’s GBTC outflows post-conversion). The ETH ETF market is younger and its flow patterns are still establishing themselves. The May 12 outflow, while small in absolute terms, contributes to the growing dataset that analysts will use to understand the typical behavior and sensitivity of these funds to market conditions.
The $17.6 million outflow on May 12 is a data point, not necessarily a definitive trend reversal. However, it underscores the importance of staying informed.
Actionable Insights:
The U.S. spot ETH ETF market is still in its early stages, and daily flow data provides valuable snapshots of investor activity. The $17.6 million net outflow on May 12, while not massive, shows that these funds are subject to the same buy and sell pressures as other traded financial products. It highlights the dynamic nature of the crypto investment landscape and reinforces the need for investors to watch key indicators like ETF flows to gauge market sentiment and potential shifts in demand for Ethereum exposure through regulated channels.
To learn more about the latest Ethereum ETF flows trends, explore our article on key developments shaping the Crypto ETF market institutional adoption.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Bitcoin spot ETFs saw net inflows of $934 million last week, marking four consecutive weeks of net inflows
According to SoSoValue data, last week's trading day (May 5 to May 9, Eastern Time), Bitcoin spot ETFs had a net inflow of $934 million last week. The Bitcoin spot ETF with the largest weekly net inflow last week was Blackrock's Bitcoin ETF IBIT, with a weekly net inflow of $1.03 billion. Currently, IBIT's total net inflow has reached $44.71 billion. The second is Fidelity's ETF FBTC, with a weekly net inflow of $62.44 million. Currently, FBTC's total net inflow has reached $11.72 billion. The Bitcoin spot ETF with the largest weekly net outflow last week was Grayscale's ETF GBTC, with a weekly net outflow of $171 million. Currently, GBTC's total net outflow has reached $22.92 billion. As of press time, the total net asset value of the Bitcoin spot ETF is $121.23 billion, the ETF net asset ratio (market value to the total market value of Bitcoin) is 5.92%, and the historical cumulative net inflow has reached $41.17 billion.

Bitcoin spot ETF had a total net inflow of $335 million on May 9, continuing its net inflow for three consecutive days
According to SoSoValue data, yesterday (May 9, Eastern Time), the total net inflow of Bitcoin spot ETFs was $335 million. The Bitcoin spot ETF with the largest net inflow in a single day yesterday was Blackrock ETF IBIT, with a net inflow of $356 million in a single day. Currently, the total net inflow of IBIT has reached $44.711 billion. The second is Fidelity ETF FBTC, with a net inflow of $45.004 million in a single day, and the total net inflow of FBTC has reached $11.717 billion. The Bitcoin spot ETF with the largest net outflow in a single day yesterday was Grayscale ETF GBTC, with a net outflow of $65.1583 million in a single day, and the total net outflow of GBTC has reached $22.918 billion. As of press time, the total net asset value of the Bitcoin spot ETF was US$121.233 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) was 5.92%, and the historical cumulative net inflow has reached US$41.171 billion.