Lookonchain
Spot Bitcoin ETFs shed 3,685 BTC (roughly $298.89M) on May 11, while spot Ethereum ETFs lost 6,492 ETH (about $15.1M) on the day. Solana spot ETFs moved the other way, adding 70,721 SOL worth roughly $6.76M.
Why it matters
The one-day prints are modest, but the contrast is the story: BTC and ETH products bled on Monday while SOL ETFs kept printing green. The weekly numbers still favor the majors — spot Bitcoin ETFs are net positive 7,287 BTC ($591.04M) over seven days and spot Ethereum ETFs are up 24,921 ETH ($57.97M) — so Monday's red bar is a wobble inside an otherwise constructive tape rather than a regime change.
Market impact
Solana spot ETFs are the outlier. Weekly net inflows of 451,400 SOL (around $43.15M) are running ahead of both BTC and ETH products on a percentage basis, and Monday's print suggests demand for SOL exposure is not waiting on Bitcoin's lead. Watch whether Tuesday's BTC and ETH flows resume positive — a second consecutive outflow day would be the first read on whether Monday was rotation into SOL or the start of a broader risk-off inside the ETF wrapper.
Frequently asked questions
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What were spot Bitcoin ETF flows on May 11?
Spot Bitcoin ETFs recorded a net outflow of 3,685 BTC, worth roughly $298.89M, on May 11. The seven-day picture remained positive at +7,287 BTC (about $591.04M).
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How did spot Ethereum ETFs perform on May 11?
Spot Ethereum ETFs saw a net outflow of 6,492 ETH (around $15.1M) on May 11. Over the prior seven days, however, the products were net positive by 24,921 ETH (about $57.97M).
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Why did Solana ETFs move opposite to BTC and ETH products?
Spot Solana ETFs added 70,721 SOL (~$6.76M) on May 11, the same day BTC and ETH wrappers bled. Weekly net inflows of 451,400 SOL (~$43.15M) suggest SOL demand is not waiting on Bitcoin's lead.
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Is the May 11 outflow a trend or noise?
One red day at the BTC and ETH wrappers against a still-positive weekly tape reads as a wobble, not a regime change. A second consecutive outflow day on Tuesday would be the first real signal the move has legs.
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What should investors watch next in spot ETF flows?
Tuesday's net flows for BTC and ETH ETFs are the next read — a return to net positive would confirm Monday was rotation into SOL, while a second outflow would mark the start of broader risk-off inside the ETF wrapper.
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