Crypto ETPs Bleed $1.47B — XRP Leads Altcoin Inflows at $31.8M

CoinShares weekly data shows crypto exchange-traded products shed $1.47 billion for the week ending May 25, 2026 — the second straight week of outflows. Bitcoin products accounted for $1.3 billion, their largest weekly loss of 2026. Nine altcoin products still attracted inflows above $1 million. XRP led with $31.8M.

Crypto investment products recorded $1.47 billion in outflows last week, extending a second consecutive week of withdrawals, according to CoinShares data published May 26, 2026, as reported by CoinTelegraph. The prior week had seen $1.07 billion in outflows.

Bitcoin exchange-traded products led the withdrawal activity, shedding approximately $1.3 billion — their largest single-week outflow of 2026. Ethereum funds lost an additional $223 million. Total assets under management across all crypto ETPs stood at approximately $148.7 billion, with Bitcoin products accounting for 80% at $120.2 billion.

What Drove the Selling

CoinShares head of research James Butterfill attributed the outflows to Iran-related risk-off sentiment that intensified during the week, despite continued legislative progress on the CLARITY Act in the US Senate. The macro backdrop — geopolitical uncertainty prompting institutional selling of risk assets — outweighed the positive regulatory signal.

US products led globally, with $1.43 billion of the total outflows coming from US-listed spot Bitcoin ETFs, according to SoSoValue data. This reversed the "European resilience" trend observed in prior weeks, where European ETP markets had held relatively steady while US products shed assets.

XRP Leads Nine Altcoins in Positive Territory

Despite the broad downturn, nine altcoin ETP assets each recorded more than $1 million in inflows. XRP led the group with $31.8 million in weekly inflows. Solana followed with $7.7 million.

Separately, Hyperliquid (HYPE) exchange-traded funds attracted $72.3 million in inflows during the same period, according to SoSoValue data. HYPE funds are structured differently from spot crypto ETPs — they are exchange-listed products tracking the HYPE token, which has seen significant institutional interest alongside its perpetual DEX growth in 2026.

Smaller inflows were recorded in Sui (SUI) at $600,000 and Chainlink (LINK) at $400,000. Short Bitcoin products added $10.2 million, consistent with the risk-off sentiment described by Butterfill.

XRP ETP Track Record in 2026

The $31.8 million weekly inflow for XRP follows an established pattern. US spot XRP ETFs, which launched in early 2026, have not recorded a net outflow day since inception according to XRPLAnalytics data. Cumulative net inflows have exceeded $1.4 billion with total AUM at approximately $1.15 billion.

The contrast with Bitcoin's $1.3 billion weekly outflow is significant: it reflects different investor behavior between the two products. Bitcoin ETF flows are heavily influenced by macro risk-off sentiment and institutional rebalancing. XRP ETP flows have, through mid-May 2026, been consistently positive — suggesting a different buyer base, primarily long-only allocators rather than active risk traders.

For historical context on XRP's ETF inflow trajectory, see our detailed analysis of XRP ETF rotation data from the May 19 CoinShares report.

Global ETP Markets Synchronized in Selling

The week ending May 25 saw outflows spread broadly across international crypto ETP markets, reversing the pattern of prior weeks where European and Asian markets had remained more stable while US products shed assets. CoinShares characterized the shift as a broadening of the risk-off stance beyond US institutional players.