Bitcoin ETFs Lose $333M as HYPE and XRP Funds Continue Attracting Inflows

CN
1 hour ago

  • Key Takeaways:

    • Bitcoin ETFs lost $333.71M as the outflow streak reached its 7th consecutive day.
    • Ether ETFs saw a $35.04M exit, extending an 11-session decline led by Fidelity FETH.
    • HYPE ETFs gained $20.45M while XRP added $1.55M amid selective altcoin demand.
  • The holiday pause offered no reset for crypto exchange-traded fund (ETF) investors. After Memorial Day, capital continued to move out of the market’s largest digital asset funds, deepening a run of redemptions that has now become difficult to ignore.

    Bitcoin ETFs led the retreat, while ether funds also remained under pressure. Yet the session was not entirely one-way. HYPE products again stood out as the preferred altcoin trade, and XRP attracted another modest allocation.

    Bitcoin ETFs recorded a net outflow of $333.71 million, marking the seventh consecutive day of withdrawals. The pressure was spread across five funds, but the heaviest hit came from Blackrock’s IBIT, which lost $192.44 million.

    Fidelity’s FBTC followed with $57.74 million in outflows, while Grayscale’s GBTC shed $41.29 million. Bitwise’s BITB saw $28.81 million leave the fund, and the Grayscale Bitcoin Mini Trust posted a $13.43 million exit.

    Bitcoin ETFs Lose $333M as HYPE and XRP Funds Continue Attracting Inflows

    Seven days of straight outflows have seen $1.9 million leave bitcoin ETFs. Source: Sosovalue

    Trading activity remained firm despite the outflows. Total value traded reached $4.40 billion. Still, total net assets slipped below the $100 billion mark, closing at $98.40 billion.

    Ether ETFs also extended their losing streak. The group posted a net outflow of $35.04 million, its eleventh straight day in negative territory.

    Fidelity’s FETH accounted for the largest share of the withdrawals, with $17.01 million leaving the product. Grayscale’s Ether Mini Trust lost $8.26 million, while ETHE saw $7.89 million in outflows. Blackrock’s ETHA also posted a smaller exit of $1.87 million.

    Ether ETF trading volume came in at $614.24 million, with total net assets ending the session at $11.79 billion.

    Altcoin funds offered a different picture.

    HYPE ETFs brought in $20.45 million, continuing to show stronger relative demand. Bitwise’s BHYP led the category with $19.05 million in inflows, while 21Shares’ THYP added $1.41 million. Total value traded stood at $53.76 million, and net assets rose to $117.38 million, close to 1% of HYPE’s market capitalization.

    Bitcoin ETFs Lose $333M as HYPE and XRP Funds Continue Attracting Inflows

    HYPE ETFs debut strong run continued with a ninth straight day of inflows. Source: Sosovalue

    XRP ETFs also finished in positive territory, adding $1.55 million. The inflow came entirely through Grayscale’s GXRP. Total value traded was $13.38 million, while net assets closed at $1.12 billion.

    Solana ETFs were quiet, with no trading activity recorded. Net assets ended the day at $959.06 million.

    The day’s flows left a clear divide across the crypto ETF market: investors continued to pull capital from the largest bitcoin and ether products. HYPE and XRP inflows helped soften the overall picture, but the sixth straight bitcoin outflow and tenth straight ether outflow keep the ETF market firmly tilted toward risk reduction.

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