Key Takeaways
- Bitcoin ETFs lost $733.43M, with Blackrock IBIT shedding $527.84M on May 27.
- Ether ETFs saw an outflow of $67.15M led by Blackrock ETHA, extending a 12-day outflow streak.
- HYPE and solana ETFs gained $3.40M and $557K as altcoin demand stayed selective.
Bitcoin ETFs Extend Losing Streak to Eight Days as Blackrock Loses $528M
The selling pressure in crypto ETFs is no longer a passing phase. It is starting to look like a steady withdrawal of risk. Bitcoin ETFs suffered the sharpest blow of the day, posting $733.43 million in net outflows. It marked the group’s eighth consecutive day of withdrawals, with six funds seeing redemptions and no products recording inflows.
Blackrock’s IBIT once again carried the largest outflow, losing $527.84 million. Grayscale’s GBTC followed with a $104.76 million exit, while Fidelity’s FBTC shed $60.30 million. The selling was not limited to the largest names. Bitwise’s BITB posted $17.48 million in outflows, Ark & 21Shares’ ARKB lost $17.39 million, and the Grayscale Bitcoin Mini Trust saw $9.94 million leave the fund.
Total bitcoin ETF value traded stood at $2 billion, while total net assets closed at $96.45 billion. The lack of inflows suggested investors were still rebalancing portfolios rather than rotating within the category.
Bloomberg ETF senior analyst Eric Balchunas shared on X that IBIT’s $528 million outflow was its second-largest single-day outflow since launch. However, he added that IBIT still ranks in the top 2% of all ETFs with $2 billion in net inflows year-to-date, while cumulative historical inflows have reached $64 billion, making the latest outflow less than 1% of total inflows.
Ether ETFs also remained under pressure. The products posted $67.15 million in net outflows, stretching their losing streak to 12 straight trading days. The bulk of the move came from Blackrock’s ETHA, which recorded a $65.10 million exit.
Fidelity’s FETH added another $2.05 million in outflows. As with bitcoin, no ether ETF saw fresh inflows during the session. Total ether ETF value traded reached $517.76 million, and net assets closed at $11.63 billion.
Altcoin vehicles offered a more selective picture. HYPE ETFs continued to stand out as the preferred altcoin exposure, bringing in $3.40 million in net inflows. 21Shares’ THYP added $1.73 million, while Bitwise’s BHYP drew $1.68 million. Total value traded was $118.97 million, with net assets also finishing at $118.97 million.
Solana ETFs posted a smaller gain, adding $557,160. The entire inflow went into Vaneck’s VSOL. Total value traded came in at $33.04 million, and net assets closed at $963.13 million. XRP ETFs saw no trading activity, as net assets remained at $1.12 billion.
The day’s flows showed a market still leaning away from its largest crypto ETF exposures, with bitcoin and ether products losing a combined $800.58 million. HYPE and solana inflows offered a small counterweight, but they were not enough to change the broader message: investors are still cutting risk.
