Bitcoin ETFs Lose $1.26 billion as XRP and HYPE Funds Attract Fresh Inflows
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A bruising week for crypto ETFs saw a sharp shift in institutional sentiment, with bitcoin ETFs suffering more than $1.2 billion in outflows and ether products extending a prolonged losing streak.
Key facts
Fidelity’s FBTC followed with $111.5 million in outflows, while Ark & 21Shares’ ARKB shed another $106.8 million
Spot bitcoin ETFs recorded net outflows of $1.26 billion for the week, making it one of the weakest weekly performances of 2026
Morgan Stanley’s MSBT stood out as the lone bright spot, attracting a modest $1.1 million inflow during an otherwise difficult week for bitcoin products
Spot XRP ETFs attracted $22 million in net inflows during the week, continuing a steady run of institutional interest
Summary
Bitcoin ETFs lost $1.26B, led by Blackrock IBIT’s massive $1B outflow. Ether ETFs shed $216M, while XRP and solana gained $22M and $15.6M, respectively. HYPE ETFs drew $72.4M as investors rotated into alternative crypto growth narratives. The contrast across digital asset exchange-traded funds (ETFs) could hardly have been sharper between May 18 and May 22.