Bitcoin exchange-traded funds extended their losing streak to a fourth consecutive session this week, with BlackRock's fund alone shedding $70 million — the biggest single-day outflow among the bunch. The broader selling wave has slowed in size compared to earlier in the month, but it hasn't stopped. Ether ETFs marked an eighth straight day of outflows, while XRP funds quietly attracted fresh inflows and Solana ETF products took a breather after a recent strong run.
BlackRock leads the selloff
The $70 million outflow from BlackRock's Bitcoin ETF accounted for the bulk of the day's red ink. Other Bitcoin funds also saw net withdrawals, though at smaller clips. The four-day slide has erased a chunk of the inflows that built up in late April and early May. The pace of selling, however, is clearly tapering — Tuesday's total outflow was about half of what it was last Thursday.
Ether's rough stretch continues
Ether ETFs have now bled money for eight straight trading days. The streak is the longest since the products launched in 2023. No single fund is driving the exodus; it's a steady drip across most issuers. The cumulative outflow over the period has pushed year-to-date net flows for Ether ETFs into negative territory.
XRP bucks the trend
While most of the digital-asset ETF world is in retreat, XRP funds are seeing fresh capital. The inflows aren't huge — a few million dollars — but they've been consistent for the past three sessions. The move stands out in a market where sentiment has tilted cautious, and it suggests some allocators see opportunity in the token after its legal clarity last year.
Solana takes a breather
Solana ETF products paused this week after a strong run earlier in May that saw them pull in roughly $150 million over two weeks. The halt appears to be profit-taking rather than a reversal in sentiment. Trading volumes on the Solana ETFs remain elevated relative to the rest of the year, but the flow spigot has temporarily shut off.
The key question for Wednesday is whether the Bitcoin ETF bleeding will stop — or accelerate. BlackRock's $70 million outflow is notable because it's the largest single-day hit for the fund in nearly a month. If the selling wave continues to shrink, the streak could break later this week. If it picks up again, the industry will be watching whether Ether ETFs follow suit or diverge further.
