US spot Bitcoin ETFs have seen 13 consecutive sessions of outflows, totaling $4.37 billion since mid-May. This trend now affects Ethereum, Solana, and XRP ETFs, with total Bitcoin fund assets dropping from $104.29B to $82.83B in three weeks. Only Hyperliquid's HYPE token funds show positive inflows.
Asset manager Yorkville America has withdrawn multiple crypto ETF applications for Truth Social, citing a shift to '40 Act structures for stronger investor protections and tax efficiencies. The move comes amid cooling demand for crypto ETFs and concerns over Trump's ties to the industry.
Dartmouth College's $9B endowment disclosed $14.5M in crypto ETFs (Bitwise Solana, Grayscale Ethereum, BlackRock Bitcoin) in a recent SEC filing, adjusting its crypto exposure since January.
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BlackRock's digital asset products generated $42 million in Q1 revenue, highlighting their role as a high-fee but volatile component of the firm's ETF business. Future growth remains heavily dependent on Bitcoin price performance and the adoption of complex product structures.
