Bitcoin ETF money wey comot don extend di loss streak; capital dey shift go HYPE, XRP, SOL
Bitcoin ETF outflows worsen for last week (May 25–29): US spot Bitcoin ETFs record net outflows of $1.42B — na third-worst weekly result since trading start Jan 2024 — and e hold record of 10 straight trading days with negative flows. By Friday, two-week cumulative outflows were about $2.8B and total Bitcoin ETF net assets fell to $94.17B.
Outflows were led by BlackRock’s IBIT with $966M weekly outflows (cumulative net outflow: $63.81B). Grayscale’s GBTC also see $175M outflows. Ethereum ETF flows remain weak; spot Ether ETFs down $241M for third straight week and dey on 14-day losing streak.
But the sell-off no uniform across crypto ETFs. Spot HYPE ETFs attract $25.57M inflows (8-day post-launch streak) and cumulative inflows top $100M in just over two weeks. Spot XRP ETFs add $15.2M, and Solana ETFs record $2.36M inflows — showing rotation away from the biggest categories (BTC/ETH) toward higher-beta themes (HYPE) and smaller majors (XRP/SOL).
Traders also get technical and macro cues. BTC dey face resistance near the 200-day moving average around $82,000, while the S&P 500 post its ninth straight weekly gain on AI optimism. A structural counterweight de noted: long-term holder supply near 4M BTC, exchange balances near six-year lows, and stablecoin supply holding steady.
Next catalyst na the FOMC meeting with new Fed chair Kevin Warsh on June 16–17. Watch whether Bitcoin ETF outflows continue or flip, because dat likely go drive BTC’s near-term risk appetite and price action.
Bearish
Bitcoin ETF dem flow don intensify an don extend into one record long negative streak, wey don shrink ETF net assets an confirm say spot-driven selling pressure fit cap BTC rallies for short term. For traders, dis one dey raise di chance say price go continue choppy around technical resistance (near di 200-day moving average). Even though capital dey rotate into HYPE, XRP and SOL show say risk appetite never vanish, di flows wey report highlight still point to weaker demand for di two biggest ETF exposures (BTC/ETH), wey fit keep broader sentiment cautious.
For long term, di article mention possible support from stablecoin supply, lower exchange balances and record long-term holder supply, wey fit limit downside if ETF outflows eventually slow. Di upcoming June 16–17 FOMC meeting na di next major trigger; if Bitcoin ETF outflows reverse, na di clearest signal say BTC demand dey improve an e fit shift di market from defensive positioning to more sustained upside.