US Spot Crypto ETFs Record $4.4 Billion in Outflows Over 13 Sessions as Hyperliquid Buck Trends
US spot Bitcoin ETFs extended their redemption streak to 13 consecutive sessions on Wednesday, recording $396.60 million in net outflows. According to SoSoValue, this brings cumulative withdrawals since mid-May to approximately $4.37 billion. BlackRock’s iShares Bitcoin Trust (IBIT) led the decline with $342.34 million in redemptions as Bitcoin prices dipped toward $65,462. The broader market saw similar exits in Ether, Solana, and XRP ETFs. Conversely, Hyperliquid’s spot HYPE funds remained the sole category attracting capital, with 21Shares’ THYP adding $2.99 million since its May 12 launch. Grayscale also entered the fray on Wednesday, launching its HYPG product to compete on fees. Citi analysts noted on Tuesday that ETF flows now drive roughly 45% of weekly Bitcoin price movements, suggesting a cautious outlook while net redemptions persist and regulatory clarity remains stalled.