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Bitcoin ETFs Bleed $635M in a Day
May 13 delivered a brutal flush. Bitcoin and Ethereum ETFs got hit hard. Altcoin ETFs quietly collected the capital that fled.
🔹 The Damage Report
US spot Bitcoin ETFs recorded $635.23 million in net outflows on May 13 . BlackRock's IBIT led the exodus with $285 million in redemptions . ARK's ARKB followed with $177 million. Fidelity's FBTC shed $86.1 million . Total net assets still hold at $105.01 billion, with cumulative inflows since launch at $58.5 billion . This is a sharp single-day pullback, not a structural collapse.
Ethereum spot ETFs posted $36.30 million in net outflows, marking the third consecutive day of bleeding . BlackRock's ETHA lost $21.10 million. Fidelity's FETH dropped $14.04 million .
🔹 The Rotation Nobody Watched
Altcoin ETFs absorbed capital while the majors suffered.
Solana spot ETFs pulled $5.97 million in net inflows . Grayscale's GSOL led with $4.89 million. Fidelity's FSOL added $1.08 million.
HYPE ETFs recorded $1.36 million in fresh capital. The newly launched 21Shares THYP product continues attracting attention as the first physically-backed HYPE ETF .
LINK ETFs gathered $2.44 million, extending a strong week for Chainlink-linked products that now hold roughly 1.58% of LINK's circulating supply .
🔹 What The Split Reveals
Institutions are not abandoning crypto. They are reallocating within it. Bitcoin and Ethereum ETFs took the macro heat from hot CPI and PPI prints. Altcoin ETFs with smaller market caps and higher beta attracted the capital that rotated out.
Solana continues to lead the altcoin ETF pack, with cumulative inflows now above $1.1 billion . LINK and HYPE are carving out niches as regulated on-chain infrastructure bets. XRP went quiet after a monster April that brought $81.59 million in inflows .
The pattern is clear. When macro fear spikes, the largest and most liquid ETFs get sold first. The capital does not necessarily leave crypto. It shifts toward assets where ETF holdings represent a larger share of circulating supply, creating tighter supply dynamics.
Bottom Line
Bitcoin ETFs hemorrhaged $635 million. Ethereum bled for a third straight day. Solana, HYPE, and LINK ETFs quietly collected $9.77 million combined. The big names got punished. The undercard attracted the money that rotated. Total crypto ETF AUM still holds strong. Institutions are repositioning, not retreating.
Friends, is the rotation into altcoin ETFs a short-term trade or the start of a broader shift in institutional allocation?
#ETFs
#GateSquareMayTradingShare