Bitcoin ETFs Lose $1.26B as XRP and HYPE Funds Attract Fresh Inflows

HYPE ETFs Pull $72M arsenic Investors Rotate Away From Bitcoin and Ether

The opposition crossed integer plus exchange-traded funds (ETFs) could hardly person been sharper betwixt May 18 and May 22. While bitcoin and ether faced assertive organization selling, smaller ecosystem-focused products softly attracted caller demand.

Spot bitcoin ETFs recorded nett outflows of $1.26 cardinal for the week, making it 1 of the weakest play performances of 2026. The overwhelming stock of the selling unit came from Blackrock’s IBIT, which unsocial mislaid $1.01 cardinal implicit the 5 days.

Fidelity’s FBTC followed with $111.5 cardinal successful outflows, portion Ark & 21Shares’ ARKB shed different $106.8 million. Additional withdrawals came from Bitwise’s BITB, Vaneck’s HODL, Franklin’s EZBC, Valkyrie’s BRRR, and Invesco’s BTCO.

Morgan Stanley’s MSBT stood retired arsenic the lone agleam spot, attracting a humble $1.1 cardinal inflow during an different hard week for bitcoin products.

Mixed May for bitcoin ETFs with $776.6 cardinal successful inflows and $2.26 cardinal successful outflows. Source: Sosovalue

The standard of the withdrawals reflected a wide organization de-risking inclination alternatively than isolated fund-specific weakness. Trading enactment remained elevated passim the week astatine $9.27 billion, indicating that investors were actively repositioning alternatively than abandoning the marketplace altogether.

Spot ether ETFs besides endured sustained pressure, signaling $216 cardinal successful nett outflows. The class extended a prolonged losing streak arsenic organization investors continued pulling backmost vulnerability from ethereum-linked products.

Blackrock’s ETHA consistently led the declines during the week, portion Fidelity’s FETH and Grayscale’s ether products besides recorded notable withdrawals. Blackrock’s ETHB occasionally attracted inflows and acted arsenic a constricted stabilizer, but it was not capable to reverse the broader trend.

Away from bitcoin and ether, the code shifted considerably.

Spot XRP ETFs attracted $22 cardinal successful nett inflows during the week, continuing a dependable tally of organization interest. Products from Canary, Franklin, and Bitwise each contributed to the gains arsenic investors maintained vulnerability to XRP-linked funds contempt the broader marketplace weakness.

The flows suggest increasing assurance astir XRP’s longer-term inferior narrative, peculiarly arsenic optimism surrounding regulatory clarity continues to build.

Solana ETFs besides remained successful affirmative territory, signaling $15.6 cardinal successful nett inflows for the week. Fidelity’s FSOL and Bitwise’s BSOL led astir of the gains, portion periodic inflows into Vaneck and 21Shares products reinforced continued capitalist involvement successful the solana ecosystem.

Perhaps the strongest comparative show came from HYPE ETFs, which brought successful a notable $72.4 cardinal successful nett inflows during the week. The category’s resilience highlighted a wide willingness among investors to prosecute higher-growth crypto themes.

First afloat week of trading for HYPE ETFs delivers $72.4 cardinal successful inflows. Source: Sosovalue

The week yet revealed a marketplace undergoing a important rotation. Institutional superior is nary longer moving uniformly into the largest crypto assets. Instead, investors look progressively selective, favoring products tied to ecosystem growth, infrastructure, and emerging marketplace narratives implicit accepted large-cap exposure.

For bitcoin and ether, the unit remains intense. But the broader crypto ETF marketplace is acold from inactive. Capital is inactive flowing, conscionable successful precise antithetic directions.