Canary Leads XRP ETF Gains as Bitcoin ETFs Lose $101M

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Canary Leads <a href="https://pricpr.com/xrp-usd/">XRP</a> ETF Gains as <a href="https://bbg-news.com/btc-usd/">Bitcoin</a> ETFs Lose $101M

The market for crypto ETFs continued to struggle on Thursday. Bitcoin ETFs have now seen five days of losses in a row, and ether ETFs experienced their ninth consecutive day of investors pulling money out. However, ETFs focused on XRP and Solana continued to see new investments, highlighting a divergence in what types of crypto investors are currently interested in.

  • Key Takeaways:

  • Bitcoin ETFs lost $100.82M as Blackrock IBIT extended a 5-day outflow streak.
  • Ether ETFs fell $32.58M for a ninth straight day, led by Blackrock ETHA exits.
  • XRP gained $8.88M, and solana added $3.86M as altcoin ETF demand stayed firm.

XRP ETFs Add $8.8M as Bitcoin and Ether Funds Extend Losing Streaks

The divide between institutional caution and selective risk-taking became even more visible as money continued flowing out of bitcoin and ether products while smaller crypto ETFs quietly gained ground.

Spot bitcoin ETFs recorded net outflows of $100.82 million, with the entire decline driven by Blackrock’s IBIT. The fund posted a sizable $103.65 million withdrawal, continuing a difficult stretch for what has long been the market’s dominant institutional bitcoin vehicle.

There was only one offsetting inflow. Ark & 21Shares’ ARKB added a modest $2.83 million, though the gain barely dented the broader negative trend. Trading activity remained relatively firm despite the continued withdrawals. Total value traded across bitcoin ETFs reached $1.58 billion, while total net assets closed at $101.06 billion.

Bitcoin ETFs outflows over the past five days. Source: Sosovalue

Ether-based exchange-traded funds (ETFs) continued to experience outflows, marking the ninth day in a row of net losses, totaling $32.58 million.

BlackRock’s ETHA fund experienced significant outflows, losing $38.01 million today and driving much of the overall market weakness. However, not all Ethereum ETFs saw declines. BlackRock’s ETHB gained $3.29 million, and Bitwise’s ETHW saw inflows of $2.14 million, indicating some continued demand for Ethereum ETFs.

Those gains helped soften, but not reverse, the broader selling pressure. Trading volume across ether ETFs totaled $416.16 million, with net assets ending the day at $12.21 billion.

Away from the two largest crypto assets, investor sentiment appeared more constructive.

XRP ETFs extended their recent inflow streak with $8.88 million in fresh capital. Canary’s XRPC led the category with $6.58 million, while Bitwise’s XRP product brought in another $2.31 million.

The steady inflows suggest institutional interest in XRP-linked products remains intact despite broader across-the-market weakness. Trading volume in XRP ETFs reached $19.96 million, while total net assets rose to $1.15 billion.

Solana ETFs also ended the session in positive territory. Fidelity’s FSOL attracted $3.86 million in inflows, accounting for all of the category’s gains during the day. Trading activity across Solana ETFs reached $51.04 million, with total net assets climbing to $997.41 million, bringing the category close to reclaiming the $1 billion threshold.

HYPE ETFs kept up their impressive momentum, attracting $16.15 million in new investments. Bitwise’s BHYP led the way with $8.44 million, and 21Shares’ THYP added $7.71 million. Overall trading volume remained high at $83.25 million, bringing the total value of assets in these ETFs to $81.13 million.

HYPE ETFs have started strong with seven days of inflow. Source: Sosovalue

The broader picture points to a market still searching for direction. Institutional investors continue reducing exposure to bitcoin and ether through flagship ETF products, particularly Blackrock’s IBIT and ETHA. At the same time, selective inflows into XRP, solana, and HYPE suggest capital is not leaving the crypto market entirely, but instead rotating toward assets tied to alternative growth and utility narratives.

For now, the pressure remains concentrated at the top of the market. Whether that trend persists may depend on how quickly confidence returns to bitcoin and ether in the sessions ahead.

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2026-05-22 21:46