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XRP ETFs Attract $12 million as Bitcoin Funds Extend Outflow Streak to 10 Days
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Crypto exchange-traded fund (ETF) flows remained under pressure on Friday, May 29, as bitcoin funds posted a tenth straight day of outflows and ether funds extended their outflow streak to 14 sessions.
Key facts
- Solana ETFs added $1.32 million, split between Fidelity’s FSOL at $1.21 million and Bitwise’s BSOL at $110,830
- Morgan Stanley’s MSBT posted $5.26 million in outflows, and Grayscale’s GBTC saw $2.85 million depart
- Grayscale’s Bitcoin Mini Trust shed $9.74 million, while Ark & 21Shares’ ARKB lost $7.30 million
- XRP ETFs added $11.88 million, led by Bitwise’s XRP product with $7.36 million
Summary
Bitcoin ETFs lost $125.3M, extending a 10-day outflow streak led by Blackrock IBIT. Ether ETFs saw a 14th straight outflow day as ETHA withdrawals outweighed inflows. Investors continued to reduce exposure to bitcoin and ether funds, but they did not abandon the space entirely. Bitcoin ETFs recorded $125.31 million in net outflows, marking the category’s 10th consecutive day in negative territory. Grayscale’s Bitcoin Mini Trust shed $9.74 million, while Ark & 21Shares’ ARKB lost $7.30 million.