Bitcoin and Ethereum Fall on ETF Outflows

Thu May 28 2026
Jim Andrews (827 articles)
Bitcoin and Ethereum Fall on ETF Outflows

The substantial capital outflow from Bitcoin Spot ETF products in the United States has fostered a negative sentiment within the cryptocurrency markets. The price movement occurs alongside a revived optimism for a potential agreement between the U.S. and Iran, as well as the market’s attention on the future of Artificial Intelligence. Overall cryptocurrency market capitalisation has experienced a drop of nearly 2 percent in the last 24 hours. Market leader saw fluctuations ranging from $77,991 to $75,205. Data from the last 24 hours indicates that liquidations within the crypto market have surged to $326 million. This figure illustrates the forced liquidation of leveraged positions by exchanges or lending protocols as a result of inadequate funds to mitigate potential losses. Long positions totalled $246 million, while short positions stood at $79 million. Overall crypto market capitalisation has seen a decline of 1.80 percent over the last 24 hours, now standing at $2.54 trillion. The trading volume over the past 24 hours has surged by an impressive 36 percent, reaching a total of $94 billion.

Among the top 100 cryptocurrencies, only 14 are experiencing overnight gains surpassing one percent, while a significant 61 are facing overnight losses that exceed one percent. Bitcoin, the largest cryptocurrency, is currently trading 2.1 percent lower at $75,774.59. The current price sits approximately 40 percent lower than the peak of $126,198.07, which was reached on October 7, 2025. The original cryptocurrency has experienced a drop of 2.2 percent in the past week, alongside a significant decline of 13.4 percent since the start of the year. Amid the ongoing departure from U.S.-listed products, Bitcoin offerings in the U.S. faced net outflows of $334 million on Tuesday, a significant increase from the $105 million recorded on Friday. The iShares Bitcoin Trust ETF faced notable outflows, amounting to $192 million. Bitcoin is currently ranked 13th in the global asset hierarchy according to market capitalisation, as reported. It is positioned between Meta Platforms, currently ranked 12th, and Samsung, which occupies the 14th spot. Ahead of Bitcoin, which boasts a market capitalisation of $1.52 trillion, stand two precious metals: Gold, commanding a market capitalisation of $31.2 trillion, and Silver, which holds a market capitalisation of $4.2 trillion. Additionally, there are 10 companies, predominantly tech giants, involved in the mix. The ten corporates that boast a market capitalisation surpassing that of the leading cryptocurrency include one company, with a market cap of $5.2 trillion; another, at $4.7 trillion; a third, valued at $4.5 trillion; a fourth, with a market cap of $3.1 trillion; and a fifth, sitting at $2.9 trillion.

TSMC boasts a market capitalisation of $2.1 trillion. Broadcom boasts a market capitalisation of $2.0 trillion, while Saudi Aramco follows closely with a valuation of $1.8 trillion. Tesla boasts a valuation of $1.63 trillion, while Meta Platforms is not far behind with a market capitalisation of $1.55 trillion. Ethereum saw a drop of 2.6 percent overnight, bringing its trading price to $2,078.65. The leading alternate coin is currently trading at a staggering 58 percent below its all-time high of $4,953.73, which was reached on August 25, 2025. On Tuesday, Ethereum Spot ETF products in the U.S. experienced a net outflow of $35 million, a significant increase from the $7 million recorded on Friday. Fidelity Ethereum Fund saw notable net outflows, amounting to $17 million. Ethereum is presently positioned at 74th in the global asset rankings based on market capitalisation, according to reports. 4th ranked BNB saw a drop of 1.4 percent overnight, with its price settling at $653.68. BNB is currently trading at an impressive 52 percent below its peak of $1,370.55, which was achieved on October 13, 2025. 5th ranked XRP, a payments-focused cryptocurrency, saw a decline of 2.1 percent overnight and is currently trading at $1.32, which is roughly 65 percent lower than its all-time high of $3.84 reached on January 4, 2018. The 7th ranked cryptocurrency saw a drop of 2.2 percent overnight, now priced at $83.70. SOL’s current price stands approximately 72 percent lower than its all-time high of $294.33, which was reached on January 19, 2025.

On Tuesday, Solana ETF products in the U.S. experienced no inflows, marking a stark contrast to the net inflows of $6 million recorded on Friday. TRON, currently ranked 8th overall, experienced a modest uptick of 0.03 percent overnight and is now trading at $0.3724. The trading price currently stands at 15 percent below the cryptocurrency’s all-time high of $0.4407, which was recorded on December 4, 2024. 9th ranked Hyperliquid has seen a surge of 2.3 percent in the past 24 hours. HYPE is currently trading at $62.95, reflecting a decline of approximately 3 percent from its all-time high of $64.59 achieved on May 26, 2026. HYPE has seen a significant surge of 27.4 percent over the past week, boasting an impressive 147 percent increase since the start of the year. Hyperliquid ETF products in the U.S. experienced net inflows of $20 million on Tuesday, reflecting a notable increase from the $11 million recorded on Friday. Bitwise Hyperliquid ETF has experienced remarkable inflows, totalling $19 million. Memecoin Dogecoin, now holding the 10th position overall, saw a decrease of 0.65 percent overnight and is currently trading at $0.1016. DOGE is currently trading at an impressive 90 percent below its peak price of $0.7376, which was reached on May 8, 2021.

Jim Andrews

Jim Andrews

Jim Andrews is Desk Correspondent for Global Stock, Currencies, Commodities & Bonds Market . He has been reporting about Global Markets for last 5+ years. He is based in New York