Crypto ETFs faced broad pressure midweek as bitcoin and ether both moved sharply lower. XRP recorded its first-ever day of net outflows, while solana stood alone in positive territory.
Bitcoin ETFs Shed $486 Million as XRP Sees First-Ever Outflows
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Crypto ETFs Retreat as Bitcoin, Ether and XRP Dump Over $620 Million
Risk appetite faded across U.S. spot crypto exchange-traded funds (ETFs) as selling pressure resurfaced and inflows dried up. Bitcoin led the pullback, ether followed, and XRP experienced a notable turning point. Only solana managed to escape the downturn, posting a small but symbolic gain.
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Bitcoin ETFs logged a $486.08 million net outflow, marking the heaviest single-day exit of 2026 so far. Fidelity’s FBTC absorbed the largest hit with $247.62 million in redemptions, while Blackrock’s IBIT followed with a $129.96 million outflow. Ark & 21Shares’ ARKB and Bitwise’s BITB added further pressure, shedding $42.27 million and $39.03 million, respectively. Smaller exits were seen from Grayscale’s GBTC ($15.63 million) and Vaneck’s HODL ($11.57 million). Trading volume reached $3.30 billion, as total net assets slid to $118.36 billion.
Ether ETFs also reversed course, posting a $98.45 million net outflow after recent inflow momentum stalled. Grayscale’s ETHE led the retreat with a $52.05 million exit. Additional losses came from Fidelity’s FETH ($13.29 million), Grayscale’s Ether Mini Trust ($13.03 million), and Bitwise’s ETHW ($11.23 million). Blackrock’s ETHA and Vaneck’s ETHV contributed exits of $6.64 million and $4.59 million, respectively. Franklin’s EZET was the lone bright spot with a $2.38 million inflow, though it offered little relief. Total value traded stood at $1.30 billion, with net assets steady at $19.31 billion.
XRP ETFs marked a historic shift, recording their first-ever net outflow of $40.80 million. Early inflows into Bitwise’s XRP ($2.44 million), Canary’s XRPC ($2.32 million), and Grayscale’s GXRP ($1.69 million) were overwhelmed by a sharp $47.25 million exit from 21Shares’ TOXR. Trading volume reached $33.74 million, while net assets held at $1.53 billion.
Read more: Ether ETFs Extend Three-Day Inflow Streak as Bitcoin Loses $243 Million
Solana ETFs were the sole bright spot, closing the day with a $1.97 million inflow, entirely driven by Bitwise’s BSOL. Total value traded came in at $22.21 million, with net assets ending at $1.08 billion.
By the close, the day’s trading flow reflected a clear risk reset. Bitcoin and ether absorbed heavy profit-taking, XRP stumbled for the first time since launch, and solana quietly attracted incremental capital.
FAQ📉
- Why did bitcoin ETFs see heavy outflows midweek?
Bitcoin ETFs lost $486 million as profit-taking triggered the largest daily exit of 2026. - What caused ether ETFs to turn negative again?
Ether ETFs shed $98 million as recent inflows stalled and selling resumed across major funds. - Why did XRP ETFs post their first-ever outflow?
A large $47 million exit from one fund pushed XRP ETFs into their first net red day. - Why did solana ETFs stay positive during the selloff?
Solana ETFs gained $2 million as investors selectively added exposure despite broader risk-off flows.
