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)…
The post Fidelity and Grayscale Lead Outflows as Bitcoin and Ethereum ETFs See Red on May 14 appeared first on Coin Edition.
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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)…
The post Fidelity and Grayscale Lead Outflows as Bitcoin and Ethereum ETFs See Red on May 14 appeared first on Coin Edition.
Read More