ETF flows show $100.82M BTC outflow

SoSoValue’s May 22 data showed U.S. spot Bitcoin exchange-traded funds recorded a $100.82 million net outflow, according to the firm’s post on X and its ETF dashboards. The same update showed spot Ethereum ETFs lost $32.58 million on the day, while XRP ETFs drew $8.88 million and SOL ETFs added $3.86 million. The figures pointed to a split session in crypto-fund demand, with withdrawals from the two largest tokens and fresh money moving into smaller products. SoSoValue also said HYPE ETFs had taken in $16.15 million through May 22. ### Where did the $100.82 million Bitcoin outflow come from? SoSoValue’s May 22 Bitcoin ETF dashboard showed mixed issuer-level moves rather than a single broad-based exit. BlackRock’s IBIT posted a $144.10 million daily inflow, Fidelity’s FBTC added $3.55 million, and Grayscale’s smaller BTC fund took in $12.60 million, according to the dashboard. Grayscale’s GBTC lost $31.64 million, ARK 21Shares’ ARKB shed $9.46 million, Invesco’s BTCO lost $5.67 million and Franklin’s EZBC gave up $14.13 million, the same dashboard showed. Other funds were flat or posted smaller gains, leaving the group in net outflow territory for the day, according to SoSoValue’s May 22 post cited in the social briefing. (sosovalue.com) ### How unusual was the split between Bitcoin and the smaller crypto ETFs? SoSoValue’s May 22 cross-asset figures showed money moved in different directions across crypto ETF categories on the same day. Bitcoin posted the largest withdrawal at $100.82 million, Ethereum lost $32.58 million, XRP gained $8.88 million and Solana gained $3.86 million, according to the company’s X post referenced in the source briefing. (sosovalue.com) XRP’s own SoSoValue dashboard showed no same-day issuer updates had yet been posted on the page snapshot available through web results, and the site notes that disclosures arriving on different schedules can be marked “Not updated.” That means the aggregate daily figure can appear in SoSoValue’s social and dashboard products before every issuer line is refreshed on the public page snapshot. (sosovalue.com) ### What does the Bitcoin screen show beneath the headline number? BlackRock’s IBIT remained the largest U.S. spot Bitcoin ETF by assets, with $66.74 billion in net assets on the SoSoValue dashboard snapshot. Fidelity’s FBTC showed $15.18 billion, while Grayscale’s GBTC held $12.16 billion, according to the same data. The May 22 Bitcoin dashboard also showed trading activity remained elevated even as the category posted a net outflow. (sosovalue.com) IBIT alone traded $2.06 billion of value on the day, while FBTC traded $287.94 million and GBTC traded $130.46 million, according to SoSoValue. ### Why do the numbers matter day to day? ETF flow data is one of the clearest public measures of where listed crypto-fund demand is moving because the figures are broken out by issuer and updated on trading days. (sosovalue.com) SoSoValue’s Bitcoin dashboard describes the metric set as daily net inflows and outflows, cumulative net inflow, trading volume and total assets across funds. The May 22 update did not show a uniform retreat from crypto-linked products. Instead, the day’s figures showed withdrawals from Bitcoin and Ethereum products alongside fresh allocations to XRP, SOL and HYPE-linked funds, according to SoSoValue’s published data and social update. ### What should readers watch next? SoSoValue said issuer disclosures that are not released on the same day are marked as pending updates on its dashboards. (sosovalue.com) That means the next check is the firm’s dashboard refreshes and any follow-up May 22 or May 23 issuer-level filings that fill in the remaining line items. May 23 trading and the next daily ETF dashboard updates will show whether the $100.82 million Bitcoin withdrawal was a one-day move or the start of a longer run of outflows, with BlackRock, Fidelity, Grayscale and ARK 21Shares likely to remain the main names to watch. (sosovalue.com 1) (sosovalue.com 2)