Bitcoin and Ethereum ETFs Experience Significant Outflows

US spot Bitcoin ETFs recorded a total net outflow of $233 million on May 12. According to NS3.AI, US spot Ethereum ETFs also saw a net outflow, totaling $131 million. Fidelity's FBTC was the leading Bitcoin ETF in terms of outflows, with $86.13 million, while BlackRock's ETHA led the Ethereum ETF outflows at $102 million.