XRP and HYPE Funds Attract Over $40 Million in Weekly Inflows
The holiday-shortened week did not give crypto ETF investors much shelter. By the close of trading on Friday, the market had split into two clear camps: heavy redemptions from bitcoin and ether products, and steady, selective demand for smaller altcoin funds.
From May 25 to May 29, bitcoin spot ETFs recorded $1.42 billion in net outflows, marking another difficult week for the market’s largest crypto fund category. Ether spot ETFs also remained under pressure, with $241 million in net outflows.
The contrast came from the altcoin side. XRP spot ETFs drew $15.2 million in net inflows, while solana spot ETFs added $2.4 million. HYPE spot ETFs, the newest addition to the crypto ETF market, brought in $26 million, reinforcing their early lead among emerging altcoin products.
Bitcoin remained the center of the selloff.
Blackrock’s IBIT accounted for the bulk of the weekly damage, losing $966.3 million. That made it the largest source of redemptions by a wide margin and showed that even the market’s dominant bitcoin ETF was not immune to the broader risk reduction.
Grayscale’s GBTC followed with $175.2 million in outflows, while Fidelity’s FBTC shed $169.1 million. Bitwise’s BITB lost $46.3 million, Ark & 21Shares’ ARKB posted $24.7 million in outflows, and Morgan Stanley’s MSBT saw a smaller $1 million exit. Grayscale’s Bitcoin Mini Trust lost $33 million.
The monthly picture was even heavier. Bitcoin ETFs ended May with $2.43 billion in net outflows, led again by IBIT, which lost $1.41 billion. ARKB saw $314.1 million leave, GBTC lost $330.3 million, and FBTC shed $274 million. MSBT was the clear exception, adding $68.9 million for the month.
Ether ETFs had a difficult week of their own.
The category posted $241 million in net outflows, continuing a long run of redemptions that carried through the end of the week. Blackrock’s ETHA was the main drag across the daily reports, with large exits on Wednesday, Thursday, and Friday. Fidelity’s FETH and Grayscale’s Ether products also saw pressure, though Friday brought some inflows into Fidelity’s FETH, Blackrock’s ETHB, 21Shares’ TETH, and Bitwise’s ETHW.
Those late-week inflows helped soften the tone, but they did not change the result. Ether ETFs still finished the week firmly negative.
Away from bitcoin and ether, the market looked more constructive.
HYPE ETFs stood out most among the newer products, drawing $26 million for the week. That made HYPE the strongest altcoin ETF category by net inflows and suggested investors are still looking beyond the two largest digital assets. So far, HYPE ETFs have brought in $100 million in inflows since launch.
XRP ETFs attracted $15.2 million over the week, supported by inflows into products from Bitwise, Canary, Franklin, and Grayscale across the daily sessions. The group remained small compared with bitcoin and ether, but the direction of travel was positive.
Solana ETFs also gained ground, adding $2.4 million. Inflows were modest, but they showed that investors were still willing to put money to work in select altcoin exposure.
The week’s message was clear. Investors continued to cut exposure to bitcoin and ether ETFs, but they did not abandon crypto ETFs altogether. Capital moved carefully, away from crowded large-cap trades and toward smaller altcoin vehicles where momentum remained intact.
