Crypto ETFs post $363M outflow Tuesday, reversing recent inflows

U.S. spot crypto exchange-traded funds swung back to net redemptions on Tuesday, May 13, after a stretch of recent inflows, according to data from SoSoValue and Farside Investors. Bitcoin funds recorded $635 million of net outflows for the day, while spot ether funds posted a further $36.3 million of net outflows. Ether changed hands around $2,255 on Thursday after trading between roughly $2,234 and $2,322 over the previous 24 hours, market trackers showed. The pullback was larger than the $363 million combined outflow cited in some secondary reports. Public ETF trackers that break out U.S.-listed spot products by fund showed a steeper one-day retreat in bitcoin alone, led by BlackRock and Fidelity vehicles, with ether products also in the red. ### Which funds accounted for most of Tuesday’s withdrawals? BlackRock’s iShares Bitcoin Trust, trading under IBIT, posted the largest single-day bitcoin ETF outflow on May 13 at about $285.2 million, according to SoSoValue-linked market data and CoinGlass figures. (coinglass.com) Fidelity’s Wise Origin Bitcoin Fund, FBTC, followed with an outflow of about $112.4 million. ARK 21Shares’ ARKB lost about $176.9 million, while Bitwise’s BITB shed about $35.3 million. CoinGlass data showed total spot bitcoin ETF net outflows of about 7,830 bitcoin on May 13, equivalent to roughly $630 million to $635 million at prevailing prices. The same dataset put cumulative net inflows into U.S. spot bitcoin ETFs at about $58.9 billion through that session. ### Did ether ETFs also see money leave? U.S. spot ether ETFs recorded a net outflow of $36.3 million on May 13, extending a three-session run of withdrawals, according to SoSoValue data cited by market trackers. (coinglass.com) CoinGlass showed BlackRock’s ETHA and Fidelity’s FETH as the main drags for the day, with outflows of about 9,280 ether and 6,160 ether respectively. CoinGlass valued total net assets across spot ether ETFs at about $13.8 billion, with BlackRock’s ETHA remaining the largest product by assets under management. The tracker showed cumulative net inflows into U.S. spot ether ETFs at about 3.14 million ether since launch. ### How did prices move alongside the ETF flows? Ethereum traded at about $2,256 on Thursday, after touching a 24-hour high near $2,322 and a low near $2,234, according to CoinMarketCap and CoinGecko. (bingx.com) Those moves matched the pattern described in market coverage that said ether slipped below $2,300 before stabilizing in the mid-$2,200s. Bitcoin traded near $79,500 to $80,700 across major price trackers on Thursday. (coinglass.com) CoinMarketCap showed bitcoin around $80,462, while Kraken and Binance quoted prices just under $80,000 at various points in the session. ### Why does the $363 million figure differ from tracker totals? Secondary reports appear to have mixed different datasets or narrower product groups. News.Bitcoin.com said combined bitcoin and ether exchange-traded products saw $363 million of outflows on May 13 and that Fidelity-led bitcoin ETFs accounted for about $233 million of that figure, but the primary tracker data available Thursday showed higher U.S. spot bitcoin ETF redemptions and smaller Fidelity-specific losses. (coinmarketcap.com 1) (coinmarketcap.com 2) Farside Investors and CoinGlass both publish fund-by-fund daily tables, but they can differ in update times, coverage and labeling. Farside says its tables are generated automatically and warns it is not liable for errors or inaccuracies. ### What should readers watch next? May 14 trading will show whether the May 13 redemptions were a one-day reversal or the start of a broader pullback in U.S. spot crypto ETFs. SoSoValue, Farside Investors and CoinGlass all update daily flow tables for IBIT, FBTC, ETHA, FETH and other listed products, while spot ether remained near $2,255 and bitcoin near $80,000 in Thursday trading. (coinglass.com) (farside.co.uk)