Bitcoin and ether ETFs continued to struggle on Wednesday. Bitcoin funds have now seen four days of losses in a row, and ether ETFs have experienced eight consecutive days of investors pulling their money out.
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Key Takeaways:
- Bitcoin ETFs lost $70.47M, with Blackrock IBIT leading outflows at $61.45M.
- Ether ETFs fell $28.14M for an eighth straight day, driven by Blackrock ETHA exits.
- XRP ETFs gained $1.45M via Canary XRPC as solana ETF flows stalled on Wednesday.
XRP ETFs Attract Fresh Inflows While Solana Products Pause After Strong Run
The selling wave across digital asset ETFs has slowed in size, but not in direction. Institutional investors continued trimming exposure to bitcoin and ether products, even as overall trading activity remained relatively stable.
Spot bitcoin ETFs recorded net outflows of $70.47 million, extending a difficult stretch for the category after several days of heavy withdrawals. Blackrock’s IBIT once again accounted for the majority of the decline, posting a $61.45 million exit.
Fidelity’s FBTC fund saw another $10.12 million leave, suggesting continued caution among investors in major bitcoin-linked funds. While Morgan Stanley’s MSBT experienced a small gain of $1.11 million, it wasn’t enough to counter the overall trend of selling.
Despite the outflows, trading activity remained active. Bitcoin ETFs generated $1.36 billion in total value traded, while total net assets edged slightly higher to $101.12 billion, suggesting underlying asset prices helped cushion the impact of investor withdrawals.
Ether ETFs also experienced net outflows, totaling $28.14 million and marking the eighth day in a row of declines. BlackRock’s ETHA was the biggest contributor to this trend, with losses of $30.94 million. Fidelity’s FETH saw further outflows of $1.60 million.
There was, however, a small counterbalance. Blackrock’s ETHB attracted $4.39 million in inflows, continuing its role as one of the few ether-focused products still seeing intermittent institutional demand. Trading volume across ether ETFs came in at $350.41 million, with total net assets closing at $12.24 billion.
Outside the major assets, activity was considerably quieter.
XRP ETFs recorded a modest net inflow of $1.45 million, entirely tied to Canary’s XRPC fund. While relatively small, the inflow extends a recent pattern of selective interest in XRP-linked investment products despite broader market caution. Trading volume across XRP ETFs reached $11.25 million, while net assets closed at $1.13 billion.
Solana ETFs, meanwhile, saw no flow activity during the session. Net assets across the category ended the day at $976.81 million, reflecting a pause after several recent sessions of steady inflows.
A recent addition to the crypto ETF market has been the introduction of Hyperlink’s HYPE spot ETFs. The asset category drew in $25.46 million on Wednesday to extend its strong start so far, which has seen almost $50 million in inflows over six days.
The broader ETF landscape continues to reveal a market in transition. Bitcoin and ether remain under sustained institutional pressure, while smaller assets like XRP and new products like HYPE are attracting targeted allocations.
Sales are slowing down a bit, and investors are still hesitant. Over the next few days, we’ll see if the market is starting to recover or if this is just a temporary break before prices move again.
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2026-05-21 15:01