Bitcoin and Ethereum ETFs Post Sharp Outflows
U.S. spot Bitcoin ($BTC) ETFs saw $277 million in net outflows on May 7, snapping a five-day inflow streak. BlackRock's IBIT attracted $98 million, while Fidelity's FBTC took in nearly $129 million. Spot Ethereum ($ETH) ETFs also moved into negative territory, posting $104 million in net outflows. Fidelity's FETH led the Ethereum declines, with more than $62 million withdrawn. Source: SoSoValue Crypto