Spot Bitcoin ETFs recorded $101 million in net outflows on May 21, extending a losing streak to five consecutive days. The sustained pressure signals that institutional holders are pulling back rather than dip-buying at current levels.
Spot Ethereum ETFs fared worse on a streak basis, logging $32.577 million in net outflows and stretching their own run to nine consecutive days of net negative flow — a notable sign of broad risk-off sentiment across the two largest crypto ETF categories.
The one bright spot was Solana: spot SOL ETFs bucked the trend with $3.857 million in net daily inflows, a modest but meaningful divergence that suggests selective appetite remains alive even as the macro bid on the majors fades.
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