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Bitcoin and Ethereum ETFs see $98.5M outflows amid cooling institutional crypto demand

Market News
21 May 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Bitcoin ETFs experienced $70.4 million in outflows and Ethereum ETFs lost $28.1 million in a consecutive retreat, totaling $98.5 million leaving US-listed crypto funds in a single day. This marks at least the second straight session of net negative flows, signaling a cooling in institutional appetite after weeks of heavy inflows. The simultaneous outflows from both Bitcoin and Ethereum ETFs suggest capital is exiting the crypto ETF space rather than rotating between assets. Historically, such outflow periods coincide with short-term price weakness as ETF issuers sell underlying assets to meet redemptions, highlighting a cautious market phase for investors.

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