Institutional investors pulled nearly $2.7 billion from spot Bitcoin and Ethereum exchange-traded funds over the past two weeks. The outflows coincided with inflows into newer single-asset funds tracking Hyperliquid’s HYPE token, XRP, and Solana.
Data compiled by SoSoValue showed US spot Bitcoin ETF outflows reached roughly $1.26 billion in the most recent week, the heaviest weekly drain since late January. Combined with the prior week, the category shed more than $2.26 billion in 14 days, pushing total assets under management below $100 billion. Ethereum funds recorded $471 million in outflows over the same period, extending their losing streak to 10 consecutive sessions.
