On Tuesday, investors started selling off crypto ETFs, leading to net outflows from both Bitcoin and Ethereum funds. This suggests increased wariness towards major cryptocurrencies. However, ETFs focused on XRP and Solana continued to see investments, highlighting a difference in how institutions are approaching various digital assets.
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Key Takeaways:
- Bitcoin ETFs lost $233.25M as Fidelity FBTC and Ark ARKB led Tuesday’s outflows.
- Ether ETFs dropped $130.62M, with Blackrock ETHA seeing a $102.04M exit.
- XRP gained $5.31M and solana $19.07M as investors rotated into altcoin ETFs.
Bitcoin ETFs Trade $1.68B as Solana and XRP Inflows Highlight Shifting Investor Appetite
The market’s appetite for crypto exposure weakened noticeably as bitcoin exchange-traded funds (ETFs) slipped back into outflows after a brief return to positive territory at the start of the week. Ether funds followed the same direction, with redemptions accelerating across several major products.
Spot bitcoin ETFs recorded net outflows of $233.25 million, with selling pressure concentrated in some of the largest funds in the market. Fidelity’s FBTC and Ark & 21Shares’ ARKB led the declines, posting exits of $86.13 million and $85.07 million, respectively.
The BlackRock iShares Bitcoin Trust (IBIT), typically a key fund for institutional investors, experienced $32.95 million in outflows. Grayscale’s GBTC and Bitwise’s BITB also saw money leave, with losses of $17.59 million and $17.54 million respectively. In contrast, the Morgan Stanley Bitcoin Trust (MSBT) was the only fund that gained money, adding $6.02 million during the day.
Despite the broad pullback, trading activity remained elevated. Bitcoin ETFs generated $1.68 billion in total value traded, while total net assets across the category settled at $107.31 billion.
Ether ETFs faced even steeper pressure. The group recorded a second consecutive day of outflows, losing $130.62 million overall. Blackrock’s ETHA accounted for the majority of the decline with a substantial $102.04 million exit, marking one of the fund’s larger single-day withdrawals in recent weeks.
Fidelity’s FETH experienced outflows of $36.98 million, and VanEck’s ETHV lost another $3.34 million. However, BlackRock’s ETHB saw inflows of $11.75 million, which helped to lessen the overall trend of investors selling off their holdings.
Trading volume across ether ETFs reached $554.84 million, with net assets ending the session at $13.39 billion.
Away from bitcoin and ether, investor appetite remained more constructive. Solana ETFs continued to draw capital despite the broader market weakness. The category recorded $19.07 million in inflows, led by Bitwise’s BSOL with $15.98 million. Fidelity’s FSOL added $3.09 million. Trading volume totaled $52.60 million, with net assets finishing at $1.06 billion.
XRP ETFs also posted net inflows of $5.31 million, driven primarily by Bitwise’s XRP fund, which attracted $4.19 million. 21Shares’ TOXR added another $1.12 million. Total trading activity reached $15.60 million, while net assets closed at $1.16 billion.
The divergence in flows is becoming increasingly difficult to ignore. While bitcoin and ether products are facing renewed institutional caution, capital continues to rotate into XRP and solana-linked funds, suggesting investors are seeking exposure to assets tied to emerging utility, infrastructure, and regulatory narratives rather than relying solely on the market’s two dominant cryptocurrencies.
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2026-05-13 18:59