Analysis: Demand for crypto ETF exposure is diverging, with BTC showing significant cooling and HYPE recording inflows.

CoinFeed reported on May 30th that, according to Cointelegraph, US spot Bitcoin ETFs have experienced net outflows for nine consecutive trading days, totaling approximately $2.84 billion. This marks the longest losing streak since the product's launch in 2024, surpassing the previous record of consecutive outflows set on February 8th, 2025. BlackRock's IBIT was the primary source of these outflows. Analysis indicates that this outflow reflects a significant cooling in institutional demand for Bitcoin ETF exposure, while the market is showing a divergence: Hyperliquid-related ETFs and some XRP spot ETFs are still recording inflows, while Ethereum spot ETFs have experienced outflows for 13 consecutive days, totaling approximately $694 million, indicating a reallocation of funds within crypto asset ETFs.