Fidelity and Grayscale Lead Outflows as Bitcoin and Ethereum ETFs See Red on May 14

• Fidelity Bitcoin ETF lost 873 BTC in a day, totaling $90.69M in outflows.
• Ethereum ETFs saw weekly outflows of 18,129 ETH, mainly from Fidelity and Grayscale.
• Franklin and Invesco ETFs recorded rare inflows in an otherwise red day for crypto funds.

Bitcoin and Ethereum exchange-traded funds (ETFs) recorded net outflows on May 14, 2025, according to data from Lookonchain. 

This combined pullback from crypto ETFs reflects a degree of investor caution or profit-taking, despite generally strong holdings remaining across these top investment vehicles.

Fidelity Bitcoin ETF Sees Major Withdrawal

The Fidelity Wise Origin Bitcoin Fund (FBTC) reported the largest single-day outflow, shedding 873 BTC worth around $90.69 million. Despite the dip, Fidelity still holds 198,247 BTC, valued at roughly $20.6 billion.

This drop contributed to the overall net outflow of 915 BTC across 10 major Bitcoin ETFs. The total Bitcoin held by these funds now stands at 1,172,985 BTC, equivalent to $121.89 billion.

Other established Bitcoin ETFs, including the Grayscale Bitcoin Trust (GBTC)…

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