
Since May 14, investors have pulled money from U.S. spot Bitcoin and Ether ETFs while HYPE and XRP-linked funds attracted inflows, signaling a short-term rotation within crypto investment products.
U.S. spot Bitcoin ETFs recorded $1.55 billion in net outflows across six trading days since May 14, while Ether funds also saw roughly $215 million in outflows during the May 18 to May 22 trading week. Over the same period, HYPE spot ETFs attracted about $72 million in their first week and XRP spot ETFs added $22 million, indicating a reallocation within crypto exchange-traded products rather than a broad exit from digital assets. During the May 18 to May 22 U.S. trading week, HYPE funds logged $72.38 million in net inflows, led by Bitwise’s BHYP with $35.96 million and 21Shares’ THYP with $32.07 million. Total net assets for the HYPE category reached $89.20 million and cumulative historical net inflows rose to $74.91 million.