Canary Leads XRP ETF Gains as Bitcoin ETFs Lose $101M

XRP ETFs Add $8.8M as Bitcoin and Ether Funds Extend Losing Streaks

The divide between institutional caution and selective risk-taking became even more visible as money continued flowing out of bitcoin and ether products while smaller crypto ETFs quietly gained ground.

Spot bitcoin ETFs recorded net outflows of $100.82 million, with the entire decline driven by Blackrock’s IBIT. The fund posted a sizable $103.65 million withdrawal, continuing a difficult stretch for what has long been the market’s dominant institutional bitcoin vehicle.

There was only one offsetting inflow. Ark & 21Shares’ ARKB added a modest $2.83 million, though the gain barely dented the broader negative trend. Trading activity remained relatively firm despite the continued withdrawals. Total value traded across bitcoin ETFs reached $1.58 billion, while total net assets closed at $101.06 billion.

Ether ETFs also remained under pressure, extending their outflow streak to nine consecutive sessions with a net loss of $32.58 million.

Blackrock’s ETHA accounted for the majority of the weakness once again, shedding $38.01 million during the session. Yet beneath the headline outflow, there were pockets of demand. Blackrock’s ETHB attracted $3.29 million in inflows, while Bitwise’s ETHW added another $2.14 million.

Those gains helped soften, but not reverse, the broader selling pressure. Trading volume across ether ETFs totaled $416.16 million, with net assets ending the day at $12.21 billion.

Away from the two largest crypto assets, investor sentiment appeared more constructive.

XRP ETFs extended their recent inflow streak with $8.88 million in fresh capital. Canary’s XRPC led the category with $6.58 million, while Bitwise’s XRP product brought in another $2.31 million.

The steady inflows suggest institutional interest in XRP-linked products remains intact despite broader across-the-market weakness. Trading volume in XRP ETFs reached $19.96 million, while total net assets rose to $1.15 billion.

Solana ETFs also ended the session in positive territory. Fidelity’s FSOL attracted $3.86 million in inflows, accounting for all of the category’s gains during the day. Trading activity across Solana ETFs reached $51.04 million, with total net assets climbing to $997.41 million, bringing the category close to reclaiming the $1 billion threshold.

HYPE ETFs continued their strong start with a $16.15 million inflow. Bitwise’s BHYP brought in $8.44 million while 21Shares’ THYP added $7.71 million. Trading activity continued to reveal rising interest in HYPE ETFs, with $83.25 million traded and net assets closing at $81.13 million.

The broader picture points to a market still searching for direction. Institutional investors continue reducing exposure to bitcoin and ether through flagship ETF products, particularly Blackrock’s IBIT and ETHA. At the same time, selective inflows into XRP, solana, and HYPE suggest capital is not leaving the crypto market entirely, but instead rotating toward assets tied to alternative growth and utility narratives.

For now, the pressure remains concentrated at the top of the market. Whether that trend persists may depend on how quickly confidence returns to bitcoin and ether in the sessions ahead.