Spot Bitcoin ETFs Bleed $1.26B in a Single Week as Ethereum Funds Also Shed $216M!

Spot Bitcoin ETFs recorded net outflows of $1.257 billion in the week of May 18–22, marking one of the heaviest weekly redemption weeks since the products launched. Spot Ethereum ETFs compounded the pressure with $216 million in net outflows over the same period, signalling a broad risk-off rotation out of the two flagship crypto asset classes.

The picture was not uniformly negative: spot SOL ETFs pulled in $15.63 million, spot XRP ETFs attracted $22.04 million, and spot HYPE ETFs led the alt-ETF cohort with $72.38 million in net inflows. The divergence suggests institutional capital is not exiting crypto entirely — it is rotating down the risk curve toward smaller, higher-beta assets while trimming the larger, more liquid positions first.