Crypto ETFs Bleed $4.4 Billion Over 13 Sessions as XRP Funds Join Redemption Wave
A broad crypto ETF selloff spanning 13 consecutive sessions has wiped out $4.4 billion in net flows, with XRP, bitcoin, ether, and solana funds all recording outflows. BlackRock's IBIT alone shed $342 million in a single day, and no major XRP ETF category escaped the trend.
A sustained 13-session redemption wave across crypto exchange-traded funds has resulted in aggregate net outflows of $4.4 billion, affecting products tied to bitcoin, ether, solana, and XRP alike. The breadth of the selloff signals a broad-based pullback in institutional ETF demand rather than pressure isolated to any single asset.
BlackRock's IBIT bitcoin fund recorded a single-day outflow of $342 million, underscoring the scale of the withdrawals at the top of the market. XRP-linked ETF products were reported among the categories joining the redemption wave, indicating that the nascent XRP ETF market has not been insulated from the wider trend.
Across all major crypto ETF categories tracked, only products tied to Hyperliquid's HYPE token registered positive net inflows during the period. Every other major category, including XRP, finished the stretch in negative territory on a net flow basis.
The data points to a challenging near-term environment for XRP ETF products specifically, as they face headwinds from the same macro-driven outflow pressure weighing on more established crypto fund categories.
Key facts
- •Crypto ETFs recorded net outflows of $4.4 billion across 13 consecutive sessions
- •BlackRock's IBIT shed $342 million in a single day
- •XRP ETF products were part of the broad redemption wave
- •Bitcoin, ether, and solana ETFs also recorded outflows
- •Only Hyperliquid's HYPE-linked products remained in positive net flow territory
- •No major XRP ETF category was in the green during the period