BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green

Bitcoin, Ethereum, Solana, and XRP ETFs have faced $4.4 billion outflows over 13 sessions, while only Hyperliquid’s HYPE products see gains.

In a surprise turn of events, Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP exchange-traded funds (ETFs) have experienced a staggering outflow of $4.4 billion over the last 13 sessions. With the current market conditions leading to sustained redemptions, Hyperliquid’s HYPE products remain the only major crypto ETF category that’s still seeing positive inflows. What exactly does this mean for the state of crypto ETFs, especially for altcoins like Solana? Why Are Crypto ETFs Experiencing Massive Outflows? The turmoil in the market has resulted in U.S. spot Bitcoin ETFs logging 13 consecutive days of outflows, shedding approximately $4.37 billion since mid-May. This has significantly reduced total assets from $104.29 billion down to around $82.83 billion in a matter of weeks. Meanwhile, Solana funds have now fallen into the redemption zone, mirroring the trend faced by Bitcoin and Ethereum funds. What Are the Latest Numbers for Bitcoin and Altcoin ETFs? Today, U.S. spot Bitcoin funds experienced another drop, losing $396.60 million in a single day. The largest Bitcoin ETF by net assets, BlackRock’s IBIT, absorbed many of these outflows, reporting $342.34 million in redemptions as Bitcoin traded around $65,462 . These funds have experienced a notable price decline, moving down from over $71,000 at the beginning of the week. In addition, Ether ETFs saw combined losses of $52.94 million , primarily driven by BlackRock’s ETHA, which shed nearly all of that amount at $51.58 million , with Ether trading below $1,900 . How Is Solana Affected? Turning to Solana, it faced losses of $12.74 million on Wednesday alone, predominantly due to substantial outflows from Bitwise’s BSOL ETF, which accounted for $11.56 million . This is a significant turn for a cryptocurrency that recently enjoyed a period of retail interest. What About XRP and Overall Market Sentiment? XRP funds weren’t immune either, shedding $5.34 million , with Bitwise's flagship XRP ETF experiencing much of th