Crypto funds suffer second-largest outflows of 2026 while XRP and HYPE attract inflows

Bitcoin and Ether ETFs Lose $350M While XRP and HYPE Draw Inflows

Bitcoin and ether ETFs bled a combined $350M on May 28, extending outflow streaks to 9 and 13 consecutive sessions respectively, with BlackRock's IBIT alone shedding $177M and total BTC ETF assets dropping below $95B. Institutional demand for the two largest crypto categories remains structurally weak, while selective inflows into XRP, HYPE, and Solana ETFs signal that any residual appetite is rotating toward altcoin exposure rather than core positions.