Lookonchain
US spot Bitcoin ETFs shed 2,712 BTC ($216.33M) on May 13, extending a seven-day streak of redemptions to 8,165 BTC ($651.25M), according to on-chain tracker data. Spot Ethereum products fared worse per dollar, dropping 66,320 ETH ($150.41M) in a single session and 107,681 ETH ($244.22M) across the week.
The headline is the duration. Two-week cumulative outflows from spot BTC and ETH products now run into the high nine figures, with no single day large enough to look like a panic print — the bleed is steady rather than capitulatory, consistent with allocators trimming exposure rather than de-risking outright.
Why it matters
When spot ETF flows stay negative for a full week on both majors, the price floor usually starts to give: a meaningful share of marginal demand has migrated from OTC desks and trusts into these wrappers since launch, so persistent redemptions translate into a steady sell tap on the underlying. The fact that BTC and ETH are bleeding in lockstep points to a portfolio-level rebalance rather than coin-specific bad news.
Market impact
The read is being sharpened by what Solana-dedicated products are doing on the other side of the tape. Spot SOL ETFs pulled in 218,148 SOL ($24.62M) on May 13, taking seven-day cumulative inflows to 865,506 SOL ($63.59M). The BTC-plus-ETH weekly outflow dwarfs the SOL weekly inflow roughly 14-to-1 in dollar terms, so the broad flow picture is decisively negative — but the altcoin wrapper is showing real bid, a divergence allocators will be watching as a sentiment tell into the next batch of launches.
Frequently asked questions
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How much did spot Bitcoin ETFs lose on May 13?
US spot Bitcoin ETFs shed 2,712 BTC ($216.33M) on May 13, extending a seven-day streak of redemptions to 8,165 BTC ($651.25M) cumulative.
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What did spot Ethereum ETF flows look like on May 13?
Spot Ethereum products recorded 66,320 ETH ($150.41M) in net outflows on May 13, taking the seven-day total to 107,681 ETH ($244.22M).
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Are Solana ETFs seeing inflows while BTC and ETH ETFs bleed?
Yes. Spot SOL ETFs pulled in 218,148 SOL ($24.62M) on May 13 and 865,506 SOL ($63.59M) over seven days — the lone green print in the spot ETF complex.
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Does this kind of persistent ETF outflow move BTC and ETH prices?
A meaningful share of marginal demand has moved into spot wrappers since launch, so sustained redemptions typically translate into a steady sell tap on the underlying, putting pressure on the spot price floor.
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Are the BTC and ETH ETF outflows a sign of capitulation?
The flow profile is steady rather than capitulatory — no single day is large enough to look like a forced seller, and the simultaneous bleed across both majors points to a portfolio-level rebalance rather than coin-specific bad news.
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