Bitcoin and Ethereum ETFs Both Flip to Net Outflows — $277M and $104M Exit in a Single Day!

After five consecutive days of inflows, spot Bitcoin ETFs recorded a combined net outflow of $277 million on May 7, snapping a streak that had built meaningful momentum for the asset class. Spot Ethereum ETFs followed suit with $104 million in net outflows — and notably, not one of the ten tracked ETFs posted a positive flow figure for the day.

The simultaneous reversal across both major crypto ETF categories is the detail that stands out. A single-day blip after a five-day inflow run can be routine profit-taking or rebalancing, but a clean sweep across all ten Ethereum products with zero offsetting inflows suggests the selling was broad-based rather than concentrated in one venue.

Market participants will be watching whether this is a one-day pause or the start of a sustained outflow cycle — the five-day inflow streak had been read as a sign of returning institutional appetite.