#GateSquareMayTradingShare

Bitcoin Exchange-Traded Fund (ETF) Records Largest Outflow in Over 3 Months While Solana Funds Continue to Show Positive Performance

The Bitcoin spot exchange-traded fund (ETF) recorded an outflow of $635.23 million on May 13. This amount became the largest one-day outflow since January 29.

According to SoSoValue data, Bitcoin ETFs have experienced outflows for two consecutive days this week, threatening to end a six-week streak of positive weekly inflows. Currently, the weekly flow for this period is recorded at a negative $841.19 million.

Bitcoin ETF Inflow Record Halted

The previous six weeks brought in around $3.4 billion into spot Bitcoin products, marking the longest streak of positive inflows since July 2025.

Additionally, April was the strongest month of 2026 for Bitcoin funds, reaching $1.97 billion. BlackRock’s iShares Bitcoin Trust was the main driver of this activity.

This inflow trend continued into early May, with Bitcoin ETFs attracting $1.68 billion between May 1 and May 6, 2026. However, afterward, the fund experienced outflows for four days, broken only by a small inflow of $27.29 million on May 11.

Ethereum Fund
ETHUSD
also appears to be experiencing declining demand, with outflows recorded for three consecutive days.

Solana ETF Defies Trend

Although institutional interest generally declined, Solana remains a standout performer. The Solana ETF has not experienced a single outflow day in May, with a total inflow of $90.83 million over eight positive sessions and one stagnant day.

In comparison, the XRP ETF
XRPUSD
recorded three days without inflow or outflow in May. The Dogecoin ETF
DOGEUSD
only experienced three days of small inflows, while the Chainlink product
LINKUSD
recorded four days of inflows. This makes Solana the leading altcoin ETF category this month.

Beyond SOL, the Hyperliquid ETF (HYPE) by 21Shares also maintained a positive record since its debut on May 12, gathering $2.52 million over its first two sessions.