Bitcoin investment products have now posted ten consecutive days of outflows as of May 29. Ethereum funds fared worse, stretching their outflow streak to 14 days. Meanwhile, XRP ETFs attracted $12 million in fresh capital on the same day, and HYPE and Solana ETFs also saw inflows — a clear sign of divergent investor appetite in the crypto fund space.
Bitcoin's ten-day slide
Bitcoin-focused funds have seen outflows for ten straight trading days as of May 29. The streak is the longest in recent months for the asset. While exact daily outflows weren't disclosed, the direction is unmistakable: money is leaving Bitcoin ETFs. The selling pressure has been steady, with no sign of a reversal as the week closed.
Ethereum's longer drought
Ethereum funds have it worse — 14 consecutive days of outflows as of May 29. That's nearly three full weeks of redemptions. The streak surpasses Bitcoin's by four days, suggesting a deeper rotation away from the second-largest crypto asset among institutional investors. The data doesn't specify the cause, but the trend is persistent.
XRP, Solana, and HYPE buck the trend
While the two largest crypto assets bleed, others are pulling in money. XRP ETFs attracted $12 million in fresh capital on May 29. Solana and HYPE ETFs also recorded inflows, though specific amounts weren't provided. The inflows are modest compared to the outflows from Bitcoin and Ethereum funds, but they show that not all crypto ETFs are experiencing redemptions. Some investors are clearly rotating into alternative assets.
As of May 29, the outflow streaks for Bitcoin and Ethereum remain intact. Whether the trend reverses this week or deepens further will depend on broader market sentiment. For now, the divergence between the old guard and the newer ETF products is the story to watch.
