BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green
Key takeaways
- Published Jun 4, 2026, 5:59 a.m. 2 min read Make preferred on What to know: U.S.
- Hyperliquid's spot HYPE ETF was the only major crypto fund still pulling in net new money.
- BlackRock's IBIT, the largest bitcoin ETF by net assets, absorbed the bulk of Wednesday's outflow with $342.34 million in redemptions, according to SoSoValue data.
Published Jun 4, 2026, 5:59 a.m. 2 min read Make preferred on What to know: U.S. spot bitcoin ETFs have logged 13 straight days of outflows, shedding $4.37 billion since mid-May as total assets dropped to $82.83 billion from $104.29 billion.Ether, solana and XRP funds have now joined bitcoin products in sustained net redemptions, reversing earlier altcoin ETF inflows as crypto prices slide.Hyperliquid-linked HYPE ETFs are a rare bright spot, drawing steady inflows and new competition from Grayscale even as Citi says negative bitcoin ETF flows are weighing on market sentiment.The bitcoin ETF bleed has spread across crypto.
U.S. spot bitcoin funds shed another $396.60 million on Wednesday, extending a record outflow streak to 13 straight sessions and a $4.37 billion drain since mid-May, while ether, solana and XRP products joined the redemption wave.
Hyperliquid's spot HYPE ETF was the only major crypto fund still pulling in net new money.