Crypto ETFs Hit by $238 Million Outflow as BlackRock and XRP Lead Exodus

Crypto exchange-traded funds (ETFs) experienced significant capital flight last week, with total outflows reaching $238 million. BlackRock’s IBIT ETF led the decline, recording $84 million in withdrawals as institutional appetite appears to cool. XRP-linked funds also faced pressure, witnessing an exodus of $2.2 million during the same period. This trend contributes to a broader bearish sentiment, bringing the total year-to-date outflows to a staggering $2.5 billion. The market is now facing a potential five-week streak of negative flows, highlighting sustained caution among professional investors. These developments underscore a reduction in liquidity and a shift in sentiment across the digital asset investment landscape.