📊 US Spot Crypto ETF Flow Report | May 12, 2026 A sharp divergence in capital flows defined yesterday's trading session. While Bitcoin and Ethereum ETFs saw significant outflows, select altcoin ETFs attracted fresh capital. 🟥 Bitcoin ETFs: -2,888 BTC (-$233.25M) 🟥 Ethereum ETFs: -57,210 ETH (-$130.62M) 🟩 Solana ETFs: +201.25K SOL (+$19.07M) 🟩 XRP ETFs: +3.69M XRP (+$5.31M) 🟩 HBAR ETFs: +1.36M HBAR (+$127.71K) 🟩 LTC, DOT, LINK, AVAX, DOGE ETFs: Net zero flow Total net outflow across US spot crypto ETFs: approximately -$339.36M. Breaking down the Bitcoin ETF action, major issuers led the sell-off. BlackRock offloaded roughly 408 BTC ($32.95M) alongside 39,550 ETH ($90.29M). Fidelity was the heaviest seller, disposing of 1,070 BTC ($86.13M) and 16,200 ETH ($36.98M). ARK 21Shares sold 1,050 BTC ($85.07M), while Grayscale and Bitwise shed 218 BTC ($17.59M) and 217 BTC ($17.54M) respectively. On the buy side, Morgan Stanley stood alone, acquiring 75 BTC ($6.02M). VanEck sold 1,460 ETH ($3.34M). A critical observation: yesterday's total Bitcoin ETF sell-off nearly matched the entire amount of BTC mined globally over 6.4 days. This highlights the immense selling pressure concentrated through these regulated vehicles, absorbing weeks of natural supply in a single session. The contrasting inflows into Solana, XRP, and HBAR ETFs suggest a tactical rotation away from the largest assets toward smaller, high-conviction plays.