Bitcoin ETFs see $331.05M outflow

SoSoValue reported that U.S.-tracked spot bitcoin exchange-traded funds recorded a net outflow of $331.05 million on May 19, extending a run of withdrawals after a heavier $648.6 million pullback on May 18. Farside Investors’ daily table showed the May 19 move was driven overwhelmingly by BlackRock’s iShares Bitcoin Trust, ticker IBIT, which posted a $325.6 million outflow. (farside.co.uk) Ether funds also lost money that day, while XRP and Solana products posted modest gains, according to market trackers. (sosovalue.com) ### Which fund drove most of the bitcoin ETF outflow? Farside Investors said IBIT accounted for $325.6 million of the $331.1 million net bitcoin ETF outflow on May 19. The same table showed Franklin Templeton’s EZBC lost $3.8 million and Fidelity’s FBTC lost $1.7 million, while several other funds were flat on the day. CoinGlass also listed IBIT as the day’s largest single-product bitcoin ETF outflow, at $325.6 million. Its market overview put total bitcoin ETF net flows at negative $331.1 million for the latest trading day in its dataset. (sosovalue.com) ### How unusual was the May 19 move? Farside Investors’ table showed the May 19 withdrawal followed an even larger $648.6 million net outflow on May 18. That made the two-day total roughly $979.7 million pulled from U.S. spot bitcoin ETFs, based on Farside’s daily figures. (farside.co.uk) CoinDesk reported on May 19 that bitcoin had fallen from about $82,000 to roughly $76,800 within days, citing ETF flows and derivatives data as signs of pressure in the market. The publication tied the selloff to a broad risk-off move in crypto markets rather than to any single ETF issuer announcement. (coinglass.com) ### What happened in ether, XRP and Solana products? CoinGlass said crypto ETF products across four tracked assets recorded a combined net outflow of about $388.1 million on the latest trading day in its dashboard. (farside.co.uk) Its breakdown showed bitcoin at negative $331.1 million, ethereum at negative $62.3 million, Solana at positive $3.8 million and XRP at positive $1.476 million. SoSoValue’s ETF dashboard describes its product as a tracker for daily net inflows and outflows, cumulative net inflow, trading volumes and total assets across crypto exchange-traded funds. (coindesk.com) The figures cited in social posts for May 19 align with the asset-level totals shown by CoinGlass. ### Why are traders watching these flow numbers so closely? SoSoValue says its dashboard is designed to track daily creations and redemptions across listed crypto ETFs. Those figures are watched as a real-time gauge of institutional demand because they show whether money is entering or leaving regulated fund wrappers tied to digital assets. (coinglass.com) CoinGlass said the four-asset crypto ETF complex had about $120.96 billion in total assets under management in its latest snapshot, including about $97.19 billion in bitcoin ETFs and $21.92 billion in ethereum ETFs. (sosovalue.com) That scale means even one day’s flow swing can draw attention when prices are already moving. ### What comes next in the data? SoSoValue’s bitcoin ETF dashboard and Farside Investors’ flow table update as issuers disclose new daily numbers. The next closely watched release will be the May 20 trading-day flow data for IBIT, FBTC, GBTC and the rest of the U.S. spot crypto ETF complex. (sosovalue.com) (coinglass.com)