Українська
Русский
English
New ETFs on BTC, ETH, SOL and XRP Lost $4.4 Billion in 13 Days, With Only HYPE in the Green
- Spot Bitcoin ETFs have recorded net capital outflows for the 13th consecutive trading day.
- Since 15 May, the combined net assets of all Bitcoin ETFs have fallen from $104.29 billion to $82.83 billion.
- Only Hyperliquid-based ETFs continue to attract investor funds.
Declines in the crypto market are leading to capital outflows from exchange-traded funds based on BTC, $ETH, SOL and $XRP. On Wednesday, issuers of spot Bitcoin ETFs recorded capital withdrawals for the 13th consecutive trading day. In total, outflows have amounted to $4.37 billion since mid-May.
Source: SoSoValue.
On Wednesday, 3 June, Bitcoin funds lost $396.60 million, according to SoSoValue. The leader in outflows was BlackRock’s IBIT, from which investors withdrew more than $342 million. Next was Fidelity’s FBTC, which lost around $54.26 million. Since 15 May, the combined net assets of all Bitcoin ETFs in the US have fallen from $104.29 billion to $82.83 billion as of Wednesday.
Issuers of spot Ethereum funds recorded outflows of $52.94 million on Wednesday. Almost all of that amount came from BlackRock’s ETHA — $51.58 million. Over the previous trading day, Solana ETFs lost $12.74 million, mainly due to outflows from Bitwise’s BSOL — $11.56 million. Investors withdrew $5.34 million from $XRP funds, mostly from Bitwise’s flagship fund.
Only US ETFs based on Hyperliquid continued to attract new funds, as the $HYPE token rose 3.45% over the day to $73.39 amid a sell-off in other cryptocurrencies.
Source: SoSoValue.
21Shares’ THYP attracted another $2.99 million, bringing the fund’s cumulative net inflow since its launch on 12 May to $139.51 million, while total net assets reached $192.01 million. Earlier, Happy Coin News reported that Grayscale had launched the HYPG fund, positioning it as the $HYPE ETF with the lowest fee in the US.
