Bitcoin ETFs experience $1.26 billion in outflows as institutional demand shifts to XRP, Solana, and HYPE ETFs.

According to The Block, Bitcoin remained below $78,000 on Monday after spot Bitcoin ETFs recorded a net outflow of $1.26 billion for the week of May 18–22, marking the second consecutive week of over $1 billion in redemptions. Nevertheless, Timothy Misir, Research Director at BRN, stated that institutional demand has not disappeared but is shifting—during the same period, XRP ETFs attracted $22 million in inflows, Solana ETFs saw $16 million in inflows, and the newly launched Hyperliquid HYPE ETF drew $72 million, while Ethereum ETFs experienced a $216 million outflow. Ethereum also faced pressure due to the SEC’s delay of its tokenized stock trading plan, though it slightly recovered on Sunday amid rising expectations around the Iran deal. On the options front, the largest open interest for Bitcoin options expiring on May 29 is concentrated at the $75,000 put and $80,000 call strikes, while for Ethereum, it is centered at the $2,100 put. On the macro front, markets in the U.S. and Europe were closed for public holidays, with analysts warning of low liquidity; if the Iran deal materializes, it could trigger a sharp drop in oil prices and push stock markets to new highs.