Bitcoin and Ethereum ETFs Bleed $1.47B in 7 Days as Solana Bucks the Trend

Spot Bitcoin ETFs recorded a single-day net outflow of 942 BTC ($72.66M) on May 21, capping a brutal seven-day stretch that saw $1.23 billion — roughly 15,915 BTC — exit the funds. The week-long bleed signals sustained institutional de-risking rather than a one-off rebalancing event.

Ethereum ETFs fared no better: a daily outflow of 15,222 ETH ($32.44M) brought the seven-day total to 114,871 ETH ($244.79M) in net redemptions. Combined, BTC and ETH spot products shed nearly $1.47 billion across the week — a meaningful reversal from the inflow streaks that defined much of Q1.

The lone bright spot is Solana. SOL ETF products attracted 8,312 SOL ($723K) on the day and 203,326 SOL ($17.69M) over the week — a modest but consistent positive print that stands out sharply against the broader outflow backdrop.