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The Fidelity bitcoin ETF lost 873 BTC on a single day, resulting in $90.69M of outflows.
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Ethereum ETFs experienced weekly outflows totaling 18,129 ETH. This was primarily due to Fidelity & Grayscale.
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Franklin ETFs and Invesco ETFs reported rare inflows on a day otherwise dominated by a red day for crypto funds.
Lookonchain data shows that Bitcoin and Ethereum ETFs recorded net outflows in May 2025.
This combined pullback reflects a level of investor caution or profit taking, despite the fact that these top investment vehicles still have strong holdings.
Fidelity Bitcoin Exchange Traded Fund Sees Major Withdrawal
The Fidelity Smart Origin Bitcoin Fund (FBTC), which is managed by Fidelity, reported the largest outflow in a single day. It lost 873 BTC valued at around $90.69 millions. Fidelity holds 198 247 BTC worth approximately $20.6 billion despite the drop.
This decline contributed to an overall net outflow 915 BTC for 10 major Bitcoin ETFs. These funds now hold 1,172,985 BTC worth $121,89 billion in total Bitcoin.
Grayscale Bitcoin Trust, another established Bitcoin ETF, also saw withdrawals. GBTC lost 331 BTC in a single day and 1,956 BTC in the past seven days. iShares Bitcoin Trust, the largest with 625 736 BTC, however, did not record any daily movement, but added 5,204 BTC during the week.
Invesco Galaxy (BTCO), Valkyrie (BRRR), and Invesco Galaxy, (BTCO), saw modest inflows (89 BTC and respectively 200 BTC) to offset losses. Lookonchain reported that funds from ARK 21Shares Bitwise and VanEck remained unchanged.
Ethereum ETFs face a greater weekly outflow pressure
Ethereum ETFs have experienced even greater pressure than their Bitcoin counterparts over the past week, with a combined outflow totaling 18,129 ETH. Net outflows on May 14 reached 1,979 Ethereum, or $5.15 Million.
Grayscale and Fidelity Lead the Surge in Ethereum ETF Outflows. Source: Lookonchain at X
The Fidelity Ethereum Fund led the way with a weekly withdrawal of 12,489 Ethereum. Grayscale Ethereum Trust saw 3,983 Ethereum leave in 24 hour, totaling 4,448 Ethereum out over the course of the week.
ETHE still has 1,129,089 Ethereum worth approximately $2.94 billion despite losses. iShares Ethereum Trust, the largest, with 1,259017 ETH remained unchanged, but saw a seven-day outflow 4,541 ETH.
Franklin’s Ethereum (EZET) ETF reported the highest single-day inflow with 1,139 ETH. Invesco Galaxy QETH was next with 866 ETH. Both were the only positive flows among the group.
The nine Ethereum ETFs that Lookonchain monitors now hold a total of 3,441,744 Ethereum, worth around $8.95 billion.
The Lookonchain data on the crypto ETF suggests that investors are either locking in profits or rotating capital while they wait for more definitive signals to come from the crypto market.
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