XRP ETFs continued their strong performance momentum, drawing $20.3 million in net inflows during the latest week, according to latest data. This weekly figure extends the robust monthly performance recorded in May, when XRP ETFs achieved their strongest monthly performance of 2026 with $131.94 million in net inflows. The latest weekly performance is particularly notable as it occurred during a challenging period when global crypto investment products experienced their second-largest weekly outflows of 2026, with total withdrawals reaching $1.67 billion. As per CoinShares data, this marked the third consecutive week of redemptions, bringing total three-week outflows to $4.21 billion. XRP emerged as one of just five digital assets to attract fresh capital last week, with the narrow breadth of altcoin participation signaling that institutional buyers are picking specific names rather than rotating into altcoins broadly.
Bitcoin products recorded their largest weekly outflow of 2026, shedding $1.44 billion during the latest period, according to CoinShares data. This represents a significant escalation from the previous week's outflows and surpassed even the January peak, with year-to-date Bitcoin inflows compressing to just $1.2 billion, down from $3.9 billion just two weeks ago. The latest data shows U.S. spot bitcoin funds shed another $396.60 million on Wednesday, extending a record outflow streak to 13 straight sessions and a $4.37 billion drain since mid-May. Total net assets across all U.S. spot bitcoin ETFs have fallen from $104.29 billion on May 15 to $82.83 billion on Wednesday, representing a $21.46 billion drop in roughly three weeks. Ethereum products continued their recent weakness, recording $52.94 million in outflows on Wednesday, with BlackRock's ETHA accounting for nearly all of it at $51.58 million. The United States accounted for nearly all of last week's withdrawals, with investors pulling $1.63 billion from crypto funds, while Germany recorded $25.7 million in outflows.
Solana and XRP funds have now joined bitcoin and ether in sustained net redemptions, reversing earlier altcoin ETF inflows as crypto prices slide. Solana funds lost $12.74 million on Wednesday, led by Bitwise's BSOL with $11.56 million in outflows, while XRP funds shed $5.34 million, with Bitwise's flagship XRP ETF taking the hit. Both categories have now joined bitcoin and ether in net daily outflow for multiple consecutive sessions, ending a period in which altcoin ETFs had been drawing modest but consistent retail interest while bitcoin funds bled. The divergence between XRP's performance and major cryptocurrency assets has been consistent, with XRP maintaining its position as one of the few major crypto-linked ETF categories to show strong demand during this challenging period.
Hyperliquid's spot ETF complex was the lone outlier, with 21Shares' THYP taking in another $2.99 million, pushing cumulative HYPE ETF net inflows to $139.51 million since the May 12 launch and total net assets to $192.01 million. The token gained 3.45% on the day to $73.39 as the rest of crypto sold off. Grayscale launched its own Hyperliquid product, HYPG, on Wednesday, pitching it as the lowest-fee U.S. spot HYPE vehicle and undercutting Bitwise's BHYP and 21Shares' THYP on expense ratio. This launch arrives at a moment when every other major crypto ETF category is in net redemption. Investor appetite for alternative cryptocurrencies weakened considerably during the latest outflow period, with only five digital assets attracting more than $1 million in inflows, down from 11 assets three weeks ago.
Bitcoin ETF AUM now represents 6.36% of bitcoin's circulating market cap, down from above 7% at the May peak, as redemptions and bitcoin's price slide combine to do the damage. Citi told clients on Tuesday that spot bitcoin ETF flows explain roughly 45% of weekly BTC price moves, calling them the best gauge of investor adoption. The bank expects sentiment to stay subdued as long as ETF flows turn negative and the U.S. crypto market structure bill stalls. Despite recent weakness, XRP's technical setup shows potential for recovery with key support levels identified. According to Ali Martinez, the bottom of XRP's rising channel at $1.34 serves as a crucial buying zone, with potential targets at $1.37 and $1.40 if this level holds. Recent exchange data shows XRP recorded its largest inflow of the year on Thursday with 22.80 million XRP moving onto platforms, though this quickly reversed with 25.24 million XRP moving back off exchanges. XRP currently trades at $1.33, down 0.36% over 24 hours, with the token maintaining its position as the fifth-largest crypto asset by market capitalization at approximately $82.7 billion.
