Crypto ETF Outflows Highlight Shift to Smaller Altcoins

Crypto exchange-traded funds (ETFs) saw a mixed performance in the last week of May, with significant outflows from bitcoin and ether products. According to recent data, bitcoin spot ETFs recorded $1.42 billion in net outflows, while ether spot ETFs lost $241 million.

The contrast came from the altcoin side, where HYPE spot ETFs drew $26 million in net inflows, solidifying their position as one of the strongest emerging altcoin products. XRP spot ETFs also experienced a surge, with $15.2 million in net inflows over the week.

The trend suggests that investors may be favoring smaller altcoins over large-cap cryptocurrencies like bitcoin and ether. While HYPE ETFs have only been available since launch, they have already attracted $100 million in inflows.