According to Lookonchain, on May 7, the net flow for 10 Bitcoin ETFs registered a negative 132 BTC, equivalent to $12.83 million in outflows. Grayscale's GBTC led with an outflow of 181 BTC ($17.6 million), while its holdings now stand at 190,229 BTC ($18.46 billion) (source: Lookonchain/Twitter, May 7, 2025). For Ethereum, nine ETFs reported a net flow of -10,287 ETH, translating to $18.81 million in outflows, with Fidelity accounting for 9,991 ETH ($18.26 million) of that, and current holdings at 413,405 ETH. These significant ETF outflows may exert downward pressure on both BTC and ETH prices in the short term and signal shifting institutional sentiment in the crypto markets.

According to Lookonchain, on May 1, the combined net outflow from 10 Bitcoin ETFs totaled -382 BTC, equivalent to -$36.68 million. Fidelity led with a significant outflow of 1,462 BTC (-$140.57 million), reducing its holdings to 198,376 BTC ($19.07 billion). Meanwhile, 9 Ethereum ETFs experienced a net outflow of -1,648 ETH (-$3.03 million). Grayscale's ETHE reported the largest single outflow of 3,987 ETH (-$7.32 million), leaving its holdings at 1,144,481 ETH. These ETF outflows indicate increased selling pressure and suggest short-term bearish sentiment for both Bitcoin and Ethereum, which traders should closely monitor for potential impact on spot prices. (Source: Lookonchain, Twitter)