Lookonchain
Spot Bitcoin ETFs shed 18,372 BTC ($1.34B) over the trailing seven days, including a 4,275 BTC ($312.67M) single-day outflow on May 29, extending a multi-week stretch of net redemptions. Ethereum ETFs tracked the same direction, bleeding 100,038 ETH ($199.68M) over the week and 47,308 ETH ($94.43M) on the day.
Why it matters
The simultaneous BTC and ETH outflows are the sharpest combined weekly drawdown of the cycle for the spot complex. A $1.54B combined weekly redemption out of the two largest products is the kind of flow that pressures the underlying spot market and tightens liquidity on the sell side, especially when it lands in a low-volume tape.
Market impact
The standout is the divergence: while BTC and ETH products are bleeding, Solana ETFs pulled 91,988 SOL ($7.48M) over the week, with 14,169 SOL ($1.15M) on the day alone. That extends a seven-week positive streak for SOL products and confirms a rotation, not a broad ETF exit — capital is moving down the cap table into the next-gen L1 trade while the majors feel the redemption pressure.
Frequently asked questions
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How much did Bitcoin and Ethereum ETFs lose in the past week?
Spot Bitcoin ETFs shed 18,372 BTC (~$1.34B) over the trailing seven days, and Ethereum ETFs shed 100,038 ETH (~$199.68M) over the same window. The combined $1.54B weekly outflow is the sharpest joint drawdown of the cycle.
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What did Solana ETFs do while BTC and ETH products bled?
Solana ETFs pulled 91,988 SOL (~$7.48M) in net inflows over the week, including 14,169 SOL (~$1.15M) on May 29 alone, extending a seven-week streak of positive flows.
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Is this an ETF exit or a rotation?
The split flow is the signal: BTC and ETH products are absorbing the redemption pressure while SOL products keep printing inflows. Capital is rotating down the cap table, not exiting the ETF complex entirely.
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What was the single-day ETF flow on May 29?
Spot Bitcoin ETFs saw 4,275 BTC (~$312.67M) of net outflows on May 29, Ethereum ETFs saw 47,308 ETH (~$94.43M) of net outflows, and Solana ETFs saw 14,169 SOL (~$1.15M) of net inflows.
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Why do ETF outflows matter for the spot market?
A $1.54B combined weekly redemption from spot BTC and ETH products pressures the underlying spot market and tightens sell-side liquidity, especially in a low-volume tape. ETF flows are a direct conduit between TradFi allocation decisions and on-exchange price action.
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