From May 11 to May 15, 2026, spot exchange-traded funds based on Bitcoin and Ethereum in the USA experienced the most significant outflow of investments since February this year. The total amount of capital withdrawn from spot Bitcoin ETFs reached $1 billion, while the outflow from Ethereum ETFs was $255.1 million.
This is reported by Finway
Capital Movement Dynamics in Bitcoin ETFs
According to the SoSoValue platform, during the specified week, investors withdrew significant amounts from seven major Bitcoin ETFs. The largest losses were recorded by the following funds:
- ARKB — $324.11 million;
- IBIT — $317.21 million;
- FBTC — $258.96 million;
- GBTC — $92.86 million;
- BITB — $46.83 million;
- EZBC — $20.99 million;
- BRRR — $4.82 million.
At the same time, the BTCW and DEFI funds did not attract any capital under management, while ETFs such as MSBT, BTC, HODL, and BTCO saw minor inflows of capital: $39.1 million, $12.6 million, $12.13 million, and $1.67 million, respectively.
“$1 billion was withdrawn from spot Bitcoin ETFs in one week.”
Investment Outflow from Ethereum ETFs
Ethereum-based exchange-traded funds also suffered significant losses. According to SoSoValue, $255.11 million was withdrawn from six key funds. The largest losses were recorded by:
- ETHA from BlackRock — $184.59 million;
- FETH from Fidelity — $59.89 million;
- ETH from Grayscale — $9.77 million;
- ETHE from Grayscale — $7.59 million;
- EZET from Franklin — $0.87 million;
- ETHV from VanEck — $0.028 million.
Among all funds, only ETHB from 21Shares saw an inflow of $5.83 million. Other funds, such as ETHW, TETH, and QETH, did not attract investments during this period.
Against the backdrop of capital outflows from Bitcoin and Ethereum ETFs, most altcoin-based funds managed to attract new investments. However, no new inflows were recorded in funds focused on DOT and Litecoin.
Additionally, the Hong Kong market saw an outflow of 24.91 BTC.
It is worth noting that in the first eight days of May, the amount of capital attracted to spot Bitcoin ETFs exceeded $1.25 billion, but just a few days later, the largest outflow in over three months was recorded — around $635 million.