Bitcoin ETFs Bleed $649M in a Single Day as Ethereum ETFs Hit Six Straight Sessions of Outflows!

U.S. spot Bitcoin ETFs recorded a total net outflow of $649 million on May 18, according to SoSoValue data — one of the heavier single-session redemption prints of recent months. The scale of the exit suggests institutional and retail holders alike are pulling back from spot BTC exposure rather than rotating within the asset class.

The Ethereum side tells an equally uncomfortable story: U.S. spot Ethereum ETFs shed $86.31 million on the same day, extending their losing streak to six consecutive sessions of net outflows. A six-day run of uninterrupted redemptions signals persistent, not episodic, selling pressure on ETH-wrapped products.

Taken together, the dual outflow print raises a clear question for macro-watchers: whether this is profit-taking after the recent rally, a broader risk-off rotation, or the beginning of a more sustained de-risking cycle in crypto ETF allocations.