Why did Bitcoin ETFs lose $228.9 million in a single day?

Bitcoin ETFs recorded $228.88 million in net outflows as investors continued reducing exposure to digital assets. The withdrawals extended the category's losing streak to nine consecutive trading sessions, signalling a cautious institutional outlook.

Why are Ether ETFs experiencing even larger selling pressure?

Ether ETFs lost $121.35 million and have now recorded 13 consecutive days of net outflows. The sustained withdrawals suggest institutional investors remain hesitant about Ethereum despite broader interest in blockchain and tokenisation trends.

Which Bitcoin ETF saw the largest outflow?

BlackRock's IBIT experienced the largest redemption, with investors withdrawing $177.94 million. Additional outflows came from Grayscale's GBTC, Fidelity's FBTC and Valkyrie's BRRR fund.

How much money left Bitcoin and Ether ETFs combined?

Bitcoin and Ether ETFs lost a combined $350.23 million during the session. The continued outflows highlight a defensive approach among institutional investors toward the two largest cryptocurrencies.

Why are investors pulling money from Bitcoin ETFs despite Bitcoin's popularity?

The article does not specify a single reason, but persistent outflows often reflect profit-taking, risk management or changing market expectations. Investors may also be reallocating capital into alternative crypto assets or other investment sectors.

What happened to total Bitcoin ETF assets?

Total net assets across Bitcoin ETFs fell to $94.25 billion. The decline pushed the category further below the $100 billion threshold, reflecting the impact of sustained redemptions.

Which crypto ETFs attracted inflows despite the broader sell-off?

XRP ETFs attracted $1.77 million in inflows, HYPE ETFs gained $1.72 million and Solana ETFs added approximately $484,000. These inflows suggest some investors are selectively rotating into alternative digital assets.

Why are XRP ETFs attracting investor interest?

XRP ETFs were among the few crypto products to record positive flows during the session. While the inflows were relatively modest, they indicate some investors are seeking exposure beyond Bitcoin and Ethereum.

Image for illustrative purposes only. Not a real photo.

Bitcoin and Ether ETFs lose $350M

Written by Heidi Cuthbert Published May. 30 2026

Crypto exchange-traded funds remained under pressure on May 28 as investors withdrew more than $350 million from Bitcoin and Ether products, extending a broader trend of risk reduction across digital asset markets.

Bitcoin ETFs recorded net outflows of $228.88 million, marking a ninth consecutive day of withdrawals, with no fund in the category reporting positive inflows during the session.

BlackRock's IBIT led the declines with $177.94 million in redemptions, while products from Grayscale, Fidelity and Valkyrie also posted outflows, leaving total Bitcoin ETF assets at $94.25 billion.

Ether ETFs experienced a 13th straight day of withdrawals, losing $121.35 million as investors continued reducing exposure to the second-largest cryptocurrency by market value.

BlackRock’s ETHA accounted for the largest Ether ETF outflow at $80.39 million, although the firm's ETHB fund attracted a modest $3.11 million inflow that partially offset broader selling pressure.

Smaller altcoin products offered a contrasting picture, with XRP ETFs gaining $1.77 million, HYPE ETFs attracting $1.72 million and Solana ETFs recording inflows of nearly $484,000.

The combined data suggests institutional investors remain cautious toward Bitcoin and Ethereum despite growing interest in selected alternative digital assets, with the market continuing to favour targeted exposure rather than broad-based crypto allocations.

At the time of reporting, Bitcoin price was $73,571.27.