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Bitcoin (CRYPTO: BTC) spot ETFs saw $233.25 million in net outflows on May 12 as Charles Schwab Corp. (NYSE:SCHW) rolled out spot crypto trading to select retail clients with $11.77 trillion in assets under management.
BlackRock And Fidelity Lead Outflows
BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and Fidelity’s Wise Origin Bitcoin Fund (BATS:FBTC) led outflows with -$32.95 million and –$86.13 million respectively.
Meanwhile, Ethereum (CRYPTO: ETH) ETFs fared worse on a percentage basis, with $130.62 million in net outflows against a much smaller total asset base.
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