Bitcoin ETF net outflows of $233 million; Fubo Bank discloses that it increased its holdings of ETHA in Q1

According to data disclosed by SoSoValue on May 13, as of May 12 in U.S. Eastern Time, U.S. Bitcoin spot ETF net outflows totaled $233 million, while Ethereum spot ETFs combined saw net outflows of $131 million. A 13F filing submitted by Wells Fargo to the U.S. SEC shows that in the first quarter of 2026, the bank significantly increased its holdings of BlackRock’s Ethereum ETF (ETHA) by 63.5%.

Bitcoin Spot ETF Fund Flows on May 12

(Source: SoSoValue)

Based on SoSoValue data, the key metrics for Bitcoin spot ETFs on May 12, 2026 are as follows:

Total net outflow for the day: $233 million

Largest single-day net outflow: Fidelity FBTC, with a net outflow of $86.1294 million for the day; FBTC’s historical cumulative total net inflow reached $47B

Largest single-day net inflow: Morgan Stanley MSBT, with a net inflow of $6.0195 million for the day; MSBT’s historical cumulative total net inflow reached $226 million

Ethereum Spot ETF Fund Flows on May 12

According to SoSoValue data, on May 12, 2026, Ethereum spot ETFs collectively recorded net outflows of $131 million. BlackRock Staked ETH ETF (ETHB) was the largest net inflow contributor, with a net inflow of $11.7469 million for the day and historical cumulative net inflows of $517 million; BlackRock ETHA was the largest net outflow contributor, with a net outflow of $102 million for the day and historical cumulative net inflows of $11.05B. As of the time of publication, the total net asset value of Ethereum spot ETFs reached $11.9B, the net asset ratio (as a share of Ethereum’s total market cap) was 4.86%, and historical cumulative net inflows were $13.39B.

Wells Fargo 13F: Increased holdings of ETHA by 63.5% in Q1, adjusting crypto positions

According to a CoinTelegraph report, a 13F filing submitted by Wells Fargo to the SEC for Q1 2026 shows that the bank significantly increased its holdings of an Ethereum ETF: BlackRock ETHA holdings rose 63.5% from approximately 672,600 shares in Q4 2025 to approximately 1.10 million shares; the Bitwise Ethereum ETF (ETHW) holdings increased 37% to 257,000 shares; as of the end of Q1, Wells Fargo’s total Ethereum ETF holdings were approximately $21.5 million (ETHA largest, about $17.6 million).

In terms of Bitcoin ETFs, IBIT holdings decreased slightly, Bitwise BITB increased by about 24%, and Grayscale Bitcoin Mini Trust ETF increased by about 41%; IBIT remained the largest Bitcoin ETF holding, at approximately $250 million.

For individual stocks, Wells Fargo significantly reduced its stake in Galaxy Digital (GLXY), cutting shares from about 2.5 million to about 78.6k, a decline of nearly 97% (expected to reduce risk exposure by about $54.7 million); in the same period, it significantly increased its stake in Strategy (a company owned by Michael Saylor), raising shares from about 322,700 to about 726,000, an increase of 125% (expected to increase risk exposure by about $41.6 million).

According to CoinGlass data, Ethereum fell by approximately 28% in Q4 2025 and 29% in Q1 2026, respectively. In the same period, spot Ethereum ETFs recorded cumulative outflows for three consecutive months of approximately $769 million.

FAQs

What is the source of the net outflow data for Bitcoin and Ethereum spot ETFs on May 12? Based on data disclosed by SoSoValue on May 13, 2026, as of May 12 in U.S. Eastern Time, Bitcoin spot ETFs combined saw net outflows of $233 million (Fidelity FBTC ranked first, with net outflows of $86.1294 million), while Ethereum spot ETFs combined saw net outflows of $131 million (BlackRock ETHA ranked first with net outflows of $102 million).

What was the size of Wells Fargo’s increase in holdings of Ethereum ETFs in Q1 2026? According to CoinTelegraph, citing Wells Fargo’s SEC 13F filing, in Q1 2026 Wells Fargo increased its holdings of BlackRock ETHA by 63.5% (to about 1.10 million shares) and increased Bitwise ETHW by 37% (to 257,000 shares); as of the end of Q1, total Ethereum ETF holdings were about $21.5 million.

What were Wells Fargo’s main changes in holdings of crypto-related equities? According to a CoinTelegraph report, Wells Fargo reduced its Galaxy Digital (GLXY) holdings by nearly 97% (expected to reduce risk exposure by about $54.7 million), and increased its Strategy holdings by 125% (expected to increase risk exposure by about $41.6 million).