Bitcoin ETFs See $299 Million Outflow on May 11

Bitcoin exchange-traded funds experienced a net outflow of 3,685 BTC, equivalent to $298.89 million, on May 11 according to @lookonchain. The same report showed a net inflow of 7,287 BTC, or $591.04 million, over the preceding seven days. Ethereum ETFs recorded a net outflow of 6,492 ETH valued at $15.1 million on the day.

Over the seven-day period the funds saw a net inflow of 24,921 ETH worth $57.97 million. Solana ETFs posted net inflows in both time frames. The funds recorded an inflow of 70,721 SOL, or $6.76 million, on May 11 and 451,400 SOL valued at $43.15 million over the seven days.

The figures reflect daily movements in investment products that allow investors to gain exposure to cryptocurrency prices through traditional brokerage accounts. One-day flows can fluctuate based on market sentiment while seven-day totals provide a broader view of recent trends.

The seven-day net inflows across all three cryptocurrency types indicate positive cumulative demand despite the daily reversal in Bitcoin and Ethereum. Bitcoin's weekly inflow exceeded its daily outflow by more than $890 million. Ethereum and Solana also showed stronger seven-day accumulation than their respective one-day results.

Market participants use these exchange-traded fund flow reports to gauge institutional and retail sentiment toward major cryptocurrencies. The data is compiled from public filings and exchange records released shortly after each trading day.