Bitcoin ETF and Ethereum funds have a large negative cash flow.

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On May 14, according to Lookonchain, there was a significant capital outflow from cryptocurrency ETF funds. Specifically, 10 Bitcoin ETFs recorded a net outflow of 915 BTC, equivalent to approximately 95.12 million USD. Notably, Fidelity experienced a single-day outflow of up to 873 BTC, currently holding 198,247 BTC with a total value of around 20.6 billion USD.

On the same day, Ethereum ETFs were no exception. 9 Ethereum ETFs recorded a net outflow of 1,979 ETH, equivalent to approximately 5.15 million USD. Notably, Grayscale’s ETHE product had an outflow of 3,983 ETH and currently holds 1,129,089 ETH, with an estimated total value of around 2.94 billion USD.

This newsletter is for informational purposes only and is not investment advice.

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