U.S. spot Bitcoin and Ethereum ETFs later recorded heavier withdrawals, with Ethereum products marking a fifth straight day of net outflows as DeFiLlama highlighted revenue concentration among leading DeFi protocols.
All three data points in the claim are confirmed by multiple independent sources. The $5.65M Ethereum ETF net outflow on May 14 is verified by PANewsLab (565.11万 USD) and KuCoin, both citing SoSoValue data. The Lookonchain figures of +1,761 BTC and +125,256 SOL are confirmed directly by the @lookonchain X post and independently by Odaily. The minor discrepancy between the Ethereum dollar outflow in the Lookonchain post (-$5.21M vs. $5.65M in the claim) is attributable to different ETH price snapshots used for conversion, not a factual conflict. The claim accurately attributes the BTC and SOL data to Lookonchain.
The topic expanded beyond the May 14 session, as U.S. spot Bitcoin ETFs later recorded $290 million in net outflows and spot Ethereum ETFs posted $65.65 million in net outflows, extending Ethereum funds’ losing streak to five consecutive days. Earlier, on May 14, U.S. spot Ethereum ETFs had seen a combined net outflow of about $5.65 million, while spot Bitcoin ETFs recorded $131 million in net inflows. Separately, DefiLlama said the top 10 DeFi protocols generated 87% of holder revenue over the past month, with Hyperliquid leading that group, underscoring concentration in decentralized finance revenue generation.