Українська
Русский
English
XRP ETFs attract $12 million while Bitcoin funds extend outflow streak to 10 days
On Friday, May 29, flows into cryptocurrency exchange-traded funds (ETFs) remained under pressure: funds investing in Bitcoin posted outflows for the tenth consecutive day, while funds investing in Ether extended their outflow streak to 14 sessions. Still, the picture was less one-sided than earlier in the week, as ETFs linked to $XRP, $HYPE, and Solana attracted fresh capital.
Key takeaways:
- Bitcoin ETFs lost $125.3 million, extending a 10-day outflow streak led by BlackRock’s IBIT.
- Ether ETFs posted their 14th consecutive day of outflows, as withdrawals from ETHA outweighed inflows.
- ETFs linked to $XRP, $HYPE, and Solana attracted fresh capital, showing selective risk appetite.
Bitcoin and Ether ETFs lose $143 million, while $XRP and $HYPE funds strengthen their positions
The week ended with a familiar split in the cryptocurrency ETF market.
Investors continued to reduce exposure to Bitcoin and Ether funds, but they did not abandon the segment entirely. Instead, capital moved more cautiously. The largest products remained under pressure, while altcoin ETFs saw steady demand.
Bitcoin ETFs recorded net outflows of $125.31 million, marking the 10th consecutive day in which the category remained in negative territory. Selling was spread across six funds. BlackRock’s IBIT again led the outflows, losing $68.20 million. It was followed by Fidelity’s FBTC, with $31.95 million in outflows. Grayscale’s Bitcoin Mini Trust lost $9.74 million, while Ark & 21Shares’ ARKB lost $7.30 million.
Morgan Stanley’s MSBT recorded outflows of $5.26 million, while Grayscale’s GBTC lost $2.85 million. Total trading volume for Bitcoin ETFs reached $2.21 billion, while total net assets at the end of the day stood at $94.17 billion.
Total weekly outflows amounted to $1.42 billion for Bitcoin ETFs. Source: SoSoValue
Ether ETFs also remained in negative territory, although the picture was more balanced than in previous sessions. The group recorded net outflows of $17.91 million, extending its losing streak to 14 consecutive trading days.
Several Ether funds attracted new money. Fidelity’s FETH brought in $10.53 million, BlackRock’s ETHB attracted $9.32 million, 21Shares’ TETH added $1.51 million, and Bitwise’s ETHW brought in $1.44 million.
One large move offset those inflows. BlackRock’s ETHA recorded outflows of $40.72 million, pushing the category’s daily result into negative territory. Total trading volume for Ether ETFs reached $589.04 million, while net assets closed at $11.27 billion.
Altcoin ETFs provided the most notable support.
$XRP ETFs attracted $11.88 million, led by Bitwise’s $XRP product with $7.36 million. Canary’s XRPC brought in $2.38 million, while Franklin’s XRPZ attracted $2.14 million. Total trading volume stood at $13.21 million, while net assets closed at $1.12 billion.
$HYPE ETFs attracted $9.50 million in inflows, with all of the money going into 21Shares’ THYP. Total trading volume reached $83.37 million, while net assets rose to $136.56 million.
Solana ETFs attracted $1.32 million, split between Fidelity’s FSOL ($1.21 million) and Bitwise’s BSOL ($110,830). Total trading volume stood at $32.62 million, while net assets ended the week at $943.57 million.
Friday’s flows showed that the market is still reducing exposure to the largest cryptocurrency ETFs: Bitcoin and Ether funds lost a combined $143.22 million. However, inflows into $XRP, $HYPE, and Solana products helped soften the week’s results, suggesting that investors remain selective rather than absent altogether.
See also: "Bitcoin holds above $73K as CME launches 24/7 trading"
