Summary
- U.S. spot Bitcoin (BTC) ETFs posted net outflows of $233.2 million, reversing to net outflows after just one day.
- Large sums were withdrawn from Fidelity FBTC, Ark Invest ARKB, BlackRock IBIT, Bitwise BITB, and Grayscale GBTC.
- U.S. spot Ethereum (ETH) ETFs also posted net outflows of $130.6 million, while only BlackRock Staking ETHB recorded net inflows.
Forecast Trend Report by Period
U.S. spot Bitcoin exchange-traded funds swung back to net outflows after one day of inflows.
Farside Investors data showed U.S. spot Bitcoin ETFs recorded net outflows of $233.2 million on May 12. The funds had posted net inflows on May 11.
Fidelity's FBTC and Ark Invest's ARKB led the outflows, with $86.1 million and $85.1 million withdrawn, respectively. BlackRock's IBIT posted net outflows of $32.9 million. Bitwise's BITB and Grayscale's GBTC also recorded outflows of $17.5 million and $17.6 million, respectively.
Morgan Stanley's MSBT, by contrast, recorded net inflows of $6 million.
U.S. spot Ethereum ETFs also posted net outflows of $130.6 million on May 12, extending withdrawals to a second straight trading day.
BlackRock's ETHA posted the largest outflow at $102 million. Fidelity's FETH recorded net outflows of $37 million.
BlackRock Staking's ETHB, meanwhile, recorded net inflows of $11.7 million.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
