Full story
Outflows hit $1.67B
Crypto investment products saw $1.67 billion in outflows at the end of May, marking the second-largest weekly withdrawal of 2026 and extending three consecutive weeks of net redemptions to $4.21 billion.
“Crypto funds suffer second-largest outflows of 2026 while XRP and HYPE attract inflows Investors pulled $1”
CoinShares said concerns tied to Iran overwhelmed any positive sentiment from progress on the CLARITY Act, as assets under management fell to $141 billion from $148 billion the prior week, the lowest level since early April.
The pullback coincided with a sharp drop in prices, with Bitcoin falling close to the $70,000 mark on Monday after reports that Iran had halted talks with the United States in protest over Israel's continued incursions into Lebanon.
CoinShares reported that the United States accounted for nearly all of last week's withdrawals with investors pulling $1.63 billion, while Germany recorded $25.7 million in outflows and Sweden and Hong Kong posted $6.6 million and $4.5 million, respectively.
Bitcoin investment products took the brunt, with CoinShares saying they recorded the largest weekly outflow of 2026 at $1.44 billion, while Ethereum investment products saw $257.3 million in outflows.
XRP and HYPE draw
While bitcoin and ethereum products continued to bleed, XRP and Hyperliquid drew fresh capital, with CoinShares noting that only five digital assets attracted more than $1 million in inflows compared with 11 assets three weeks earlier.
CoinShares said XRP (XRP) led with $20.3 million in inflows, followed by Hyperliquid (HYPE) with $10.8 million and Near with $7.6 million, as the broader appetite for alternatives weakened.
On the ETF side, KuCoin reported that XRP ETF inflows continued on Friday, recording $11.9 million in a day and extending a 16-day streak to a total net inflow of $1.42 billion.
KuCoin also said bitcoin ETFs logged outflows of $125 million while ethereum lost $17.9 million, extending sell streaks of 10 and 14 days.
KuCoin’s ETF breakdown added that HYPE ETFs gained $9.5 million and Solana ETFs added $1.32 million, while the largest products “remained flat.”
Institutional flows diverge
The divergence between major crypto ETFs and XRP-linked products continued into late May, with Bitcoin and Ether funds posting net outflows while XRP, HYPE and Solana ETFs attracted new capital.
“Los productos de inversión en criptomonedas registraron su segunda mayor salida semanal de 2026 a finales de mayo, con inversores retirando 1,67 mil millones de dólares de los fondos de activos digitales, mientras las tensiones geopolíticas y un ambiente general de aversión al riesgo impactaban en los mercados, según un informe de CoinShares”
Bitcoin News said bitcoin ETFs posted net outflows of $125.31 million, marking a 10th consecutive day of negative results, while Ether ETFs posted $17.91 million in net outflows to extend their 14-day losing streak.
In the same Friday session, Bitcoin News reported XRP ETFs posted $11.88 million of inflows led by Bitwise with $7.36 million, while Canary’s XRPC attracted $2.38 million and Franklin’s XRPZ reported $2.14 million.
Bitcoin News also said HYPE ETFs recorded $9.50 million of inflows through 21Shares’ THYP and Solana ETFs posted $1.32 million of inflows split between Fidelity’s FSOL and Bitwise’s BSOL.
KuCoin tied the ETF momentum to holdings data, saying XRP ETF holdings reached 775M XRP (about 1.26% of the supply) and that the products had more than $1B in AUM since launching at the end of 2025.
