Bitcoin and Ether ETFs Lose $350M While XRP and HYPE Draw Inflows

Crypto ETF flows remained under pressure on Thursday, May 28, as bitcoin funds posted a ninth straight day of withdrawals and ether products stretched their outflow streak to 13 sessions. Smaller altcoin vehicles, including $XRP, $HYPE, and Solana ETFs, drew modest inflows, but not enough to shift the market’s defensive tone.

Bitcoin ETFs Fall Below $95B as Blackrock IBIT Leads Another Selloff

The crypto ETF market is still searching for a floor. After more than a week of steady redemptions, investors continued to pull capital from the largest digital asset funds.

Bitcoin ETFs again led the decline, while ether products saw an even sharper exit. The few bright spots came from smaller altcoin funds, where demand remained selective and measured.

Bitcoin ETFs recorded $228.88 million in net outflows, marking the category’s ninth consecutive day in negative territory. The withdrawals were spread across four funds, with no inflows reported across the group.

Blackrock’s IBIT once again saw the largest exit, losing $177.94 million. Grayscale’s GBTC followed with $26.19 million in outflows, while Fidelity’s FBTC shed $19.16 million. Valkyrie’s BRRR rounded out the day’s losses with a $5.59 million departure.

Total bitcoin ETF value traded reached $2.36 billion, while total net assets closed at $94.25 billion. The decline kept the category firmly below the $100 billion mark, underscoring the scale of the recent pullback.

Ether ETFs remained under deeper strain. The group posted $121.35 million in net outflows, extending its losing streak to 13 straight trading days. Blackrock’s ETHA accounted for the largest share, with an $80.39 million exit.

Grayscale’s ETHE lost $21.36 million, Fidelity’s FETH saw $15.08 million leave, and Grayscale’s Ether Mini Trust recorded $7.65 million in outflows.

There was one small sign of support. Blackrock’s ETHB drew $3.11 million in inflows, though it was not enough to offset the wider pressure. Total ether ETF value traded stood at $691.34 million, and net assets closed at $11.30 billion.

Altcoin ETFs again offered a more balanced picture.

$HYPE ETFs added $1.72 million, with Bitwise’s BHYP bringing in $1.02 million and 21Shares’ THYP adding $700,240. Total value traded was $34.76 million, while net assets rose to $122.20 million.

$XRP ETFs posted $1.77 million in inflows, entirely through Bitwise’s $XRP product. Total value traded came in at $12.13 million, with net assets closing at $1.12 billion.

Solana ETFs added $484,370, all through Fidelity’s FSOL. Total value traded reached $50.32 million, while net assets ended at $946.58 million.

The day’s flows left the market split between heavy redemptions in the two largest crypto ETF categories and modest demand for select altcoin exposure. Bitcoin and ether funds lost a combined $350.23 million, making Thursday another session defined by caution rather than conviction.