US Spot Bitcoin ETFs Record $145.7M in Outflows on Friday, May 8 as Ethereum Funds Stay Positive

According to Farside Investors, U.S. spot Bitcoin ETFs recorded $145.7 million in net outflows on Friday, May 8, as traders reacted to geopolitical tensions and broader risk-off sentiment. Fidelity's Wise Origin Bitcoin Fund (FBTC) accounted for $97.6 million of the withdrawals. Bitcoin traded below $80,000 during the session, briefly touching lows near $79,700.

Meanwhile, U.S. spot Ethereum ETFs recorded $3.6 million in net inflows on May 8, extending a pattern of relative strength compared with Bitcoin products. Analysts attributed Ethereum's resilience to increased institutional interest in tokenization and decentralized finance applications.