U.S. Spot Crypto ETFs Record Bitcoin and Ethereum Outflows on May 28

The daily flow update shows net withdrawals from Bitcoin and Ethereum spot funds, while XRP, Solana, and Hyperliquid products posted modest inflows.

Summary

U.S. spot crypto exchange-traded funds recorded mixed flows on May 28. Bitcoin spot ETFs saw $223 million in net outflows, while Ethereum spot ETFs posted $121 million in net outflows. In contrast, XRP-related products added $1.7 million, Solana-related products gained $0.5 million, and Hyperliquid-related products also attracted $1.7 million. ETF flow data is closely watched because it offers a snapshot of investor demand for regulated crypto investment vehicles.

Terms & Concepts
  • Spot ETF: An exchange-traded fund that holds the underlying asset directly rather than using derivatives contracts.
  • Net outflow: A measure showing more money left an investment product than entered it over a given period.
  • Hyperliquid: A crypto trading platform and ecosystem associated with digital asset products tied to its market activity.