Bitcoin And Ethereum Etfs See Sharp Outflows

Bitcoin ETFs Record $277 Million in Net Outflows

Spot Bitcoin ($BTC) ETFs posted $277 million in net outflows on May 7, ending a five-day inflow streak, according to data from SoSoValue. The reversal marks a notable shift in short-term sentiment after a sustained run of positive flows into the products.

Not all funds moved in the same direction. BlackRock's IBIT added $98 million on the day, while Fidelity's FBTC brought in nearly $129 million. Those gains, however, were not enough to offset redemptions elsewhere across the broader ETF complex.

The outflows follow a strong stretch for the category. Bitcoin ETFs had attracted roughly $153.87 million in net inflows for the week ending May 1, extending what had been a five-week positive run, according to SoSoValue data. The May 7 reading suggests that momentum has at least temporarily stalled.

Ethereum ETFs Also Swing Negative

Spot Ethereum ($ETH) ETFs turned negative on the same day, recording $104 million in net outflows. Fidelity's FETH led the withdrawals, with over $62 million redeemed from the fund.

The move comes after Ethereum ETFs had shown signs of recovery in recent weeks. The products posted $101 million in inflows on May 1 and had recorded a ten-day inflow streak in late April, the longest since the funds launched, according to market flow data. Year-to-date, however, Ethereum ETFs remain in negative territory after a prolonged stretch of outflows earlier in 2026.

Single-day outflow readings can reflect tactical repositioning rather than a broader change in institutional appetite. CoinGlass notes that sustained net outflows may suggest capital is adjusting risk exposure, while short-term swings are commonly used to gauge shifts in institutional preferences rather than signal a definitive trend reversal.

Sources:
SoSoValue Bitcoin ETF Dashboard
The Market Periodical: Bitcoin ETFs Record $153M Weekly Inflows
CoinGlass: Bitcoin ETF Fund Flows