Bitcoin ETFs recorded a net outflow of $333.71 million, extending a seven-day withdrawal streak. Outflows were spread across five funds, with Blackrock’s IBIT losing $192.44 million as the largest decline. Fidelity’s FBTC, Grayscale’s GBTC, Bitwise’s BITB, and Grayscale Bitcoin Mini Trust also posted redemptions. Total value traded reached $4.40 billion, while total net assets fell below $100 billion to $98.40 billion. Ether ETFs continued an eleven-session decline with a $35.04 million net outflow. Fidelity’s FETH led withdrawals, followed by Grayscale’s Ether Mini Trust and ETHE, with ETHA also seeing outflows. Altcoin funds showed selective demand, with HYPE gaining $20.45 million and XRP adding $1.55 million.
"HYPE ETFs gained $20.45M while XRP added $1.55M amid selective altcoin demand. The holiday pause offered no reset for crypto exchange-traded fund (ETF) investors. After Memorial Day, capital continued to move out of the market's largest digital asset funds, deepening a run of redemptions that has now become difficult to ignore. Bitcoin ETFs led the retreat, while ether funds also remained under pressure."
Read at news.bitcoin.com
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