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Bitcoin ETFs Lost $333 Million While HYPE and XRP Funds Continue to Attract Investment
On Tuesday, May 26, inflow dynamics across cryptocurrency ETFs were mixed: Bitcoin and Ether ETFs collectively lost $368.75 million as both categories continued their outflow streaks. Altcoin products softened the picture: $HYPE ETFs attracted $20.45 million, while $XRP ETFs brought in $1.55 million, whereas Solana ETFs recorded no trading activity.
Key Takeaways
- Bitcoin ETFs lost $333.71 million as the outflow streak reached a 7th consecutive day.
- Ether ETFs lost $35.04 million, extending an 11-session decline led by Fidelity FETH.
- $HYPE ETF funds added $20.45 million, while $XRP added $1.55 million amid selective demand for altcoins.
$HYPE ETFs Attracted $20 Million While Bitcoin and Ether Funds Faced Heavy Outflows
The holiday pause did not bring a reset for investors in cryptocurrency exchange-traded funds (ETFs). After Memorial Day, capital continued to leave the market’s largest digital-asset funds, deepening a redemption wave that has now become difficult to ignore.
Bitcoin ETFs led the pullback, while Ether funds also remained under pressure. However, the session was not entirely one-sided. $HYPE products once again stood out as a preferred altcoin trading vehicle, while $XRP attracted another modest share of funds.
Bitcoin ETFs recorded $333.71 million in net outflows, marking the seventh consecutive day of withdrawals. The pressure was spread across five funds, but BlackRock’s IBIT suffered the largest hit, losing $192.44 million.
It was followed by Fidelity’s FBTC, with $57.74 million in outflows, while Grayscale’s GBTC lost $41.29 million. Bitwise’s BITB saw $28.81 million leave the fund, and Grayscale Bitcoin Mini Trust recorded $13.43 million in outflows.
Over seven days of continuous outflows, $1.9 million left Bitcoin ETFs. Source: SoSoValue.
Despite the outflows, trading activity remained stable. Total trading volume reached $4.40 billion. However, total net assets fell below the $100 billion mark, closing at $98.40 billion.
Ether ETFs also extended their losing streak. The group recorded $35.04 million in net outflows, marking the eleventh consecutive day in the red.
Fidelity’s FETH accounted for the largest share of withdrawals, with $17.01 million leaving the fund. Grayscale’s Ether Mini Trust lost $8.26 million, while ETHE lost $7.89 million. BlackRock’s ETHA also recorded a small outflow of $1.87 million.
Ether ETF trading volume amounted to $614.24 million, while total net asset value stood at $11.79 billion at the end of the session.
Altcoin funds showed a different picture.
$HYPE ETF funds attracted $20.45 million, continuing to show stronger relative demand. Bitwise’s BHYP led the category with $19.05 million in inflows, while 21Shares’ THYP attracted $1.41 million. Total trading volume reached $53.76 million, and net assets rose to $117.38 million, representing nearly 1% of $HYPE’s market capitalization.
The successful launch of $HYPE ETF funds continued with a ninth consecutive day of inflows. Source: SoSoValue.
$XRP ETFs also ended the day in positive territory, adding $1.55 million. The inflow came entirely from Grayscale’s GXRP. Total trading volume amounted to $13.38 million, while net assets closed at $1.12 billion.
Solana ETFs remained quiet, with no trading activity recorded. Net assets ended the day at $959.06 million.
Daily flows showed a clear split in the cryptocurrency ETF market: investors continued to pull capital from the largest Bitcoin and Ether products. Inflows into $HYPE and $XRP helped soften the overall picture, but the sixth consecutive Bitcoin outflow and the tenth consecutive Ether outflow keep the ETF market in a risk-reduction mode.
