BlackRock-led Bitcoin ETFs shed $331M as Solana and XRP rise

Institutional investors withdrew $331.05 million from spot bitcoin ETFs on Tuesday, with BlackRock’s IBIT accounting for $325.58 million of the outflows. Trading in the bitcoin ETF group totaled $1.41 billion, and total net assets across the category were $100.29 billion at the close. Valkyrie’s BRRR recorded $3.79 million in outflows and Fidelity’s FBTC lost $1.67 million. The two most recent trading days of net redemptions for bitcoin ETFs amount to nearly $1 billion. On May 11–15, U.S. spot Bitcoin ETFs saw $1 billion in outflows.

Ether-focused ETFs posted $62.30 million in net outflows, extending a seven-day streak of withdrawals. BlackRock’s ETHA led the declines with $59.37 million pulled from the fund, and Fidelity’s FETH had $3.68 million in outflows. Bitwise’s ETHW was the lone ether product with net inflows, taking in $756,330. Total trading value in the ether ETF category fell to $398.61 million and total net assets stood at $12.14 billion.

Smaller-cap and alternative-asset ETFs drew inflows. Solana ETFs received $3.78 million, led by Fidelity’s FSOL with $3.22 million and Vaneck’s VSOL with $560,250. Solana funds traded $30.60 million and had combined net assets of $957.93 million. XRP ETFs added $1.48 million in inflows, all into Franklin Templeton’s XRPZ; trading in XRP ETFs totaled $7.96 million and net assets were $1.12 billion.

The session showed a split in flows within the crypto ETF market, with flagship bitcoin and ether products registering net withdrawals while some altcoin-focused ETFs recorded net purchases. Trading volumes indicate active repositioning among ETF investors across different token-linked funds.