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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/05/2026

Crypto ETFs Bleed $4.4B Over 13 Sessions, HYPE Only Product in Green

What happened: US-listed BTC, ETH, SOL, and XRP ETFs have seen 13 consecutive days of outflows, totaling $4.

Crypto ETFs Bleed $4.4B Over 13 Sessions, HYPE Only Product in Green

What happened: US-listed BTC, ETH, SOL, and XRP ETFs have seen 13 consecutive days of outflows, totaling $4.37 billion since mid-May. BlackRock's IBIT led redemptions with $342.3 million withdrawn on June 3, accounting for 86% of that day's BTC ETF outflows. ETH ETFs lost $53 million, with BlackRock's ETHA responsible for $51.6 million in redemptions. Solana and XRP ETFs also posted outflows. In contrast, 21Shares' THYP (HYPE) ETF attracted $2.99 million, pushing cumulative HYPE ETF inflows to $139.5 million since its May launch. The HYPE token rose 3.45% to $73.39.

Why it matters: The persistent outflows from major crypto ETFs reflect waning institutional appetite and broader market caution. The magnitude of redemptions—over $4 billion in less than three weeks—has driven total ETF assets under management down from $104.3 billion to $82.8 billion. While HYPE's inflows stand out, they are minor compared to the scale of BTC and ETH outflows, suggesting that novelty and speculative interest, rather than broad-based demand, are driving the divergence.

Source: CoinDesk