Last week saw significant outflows from crypto-related exchange-traded funds, while a memory chip ETF emerged as one of the fastest-growing funds in history.
Bitcoin’s price showed little movement over the period, edging up only 0.6%. Most altcoins followed similar, muted patterns, though a few exceptions stood out — for example, Hyperliquid’s HYPE surged roughly 40%.
Crypto ETFs Face Heavy Redemptions as Investors Rotate Risk
According to recent flow data, spot Bitcoin ETFs experienced substantial redemptions between May 18 and May 22, recording about $1.257 billion in net outflows. This sizable withdrawal points to a shift in investor appetite and positioning.
Ethereum-based ETFs also felt pressure, registering about $216 million in net outflows over the same window. These moves suggest investors may be taking profits, lowering risk exposure, or reallocating capital into sectors or assets they perceive as more attractive right now.
However, not all crypto-linked ETFs suffered withdrawals. Spot SOL ETFs drew just over $15 million in net inflows, while spot XRP ETFs attracted about $22 million. Demand was particularly strong for funds tied to HYPE, which collected roughly $72.38 million in net inflows — a trend that coincided with the token’s sizable price gain.
Overall, the fund flow picture indicates that although Bitcoin and Ethereum saw selling pressure, investors continue to place selective bets across the broader crypto market, shifting emphasis toward certain altcoins.
DRAM’s Record-Breaking Rise Signals a New ETF Frenzy
The Memory ETF, trading under the ticker DRAM, has rapidly become one of the fastest-growing exchange-traded funds on record. Launched on April 2, it amassed more than $6.5 billion in assets within just 27 trading sessions.
That pace outstripped the previous benchmark set by the BlackRock IBIT Bitcoin ETF, which took 30 trading sessions to reach comparable scale. Since launch, DRAM has climbed over 84% and surpassed $10 billion in assets within 30 trading sessions, securing a spot among the top ten U.S. ETFs by year-to-date inflows out of the thousands of listed funds.
The ETF’s explosive inflows reflect growing investor enthusiasm for memory chips and the components powering artificial intelligence infrastructure. DRAM now ranks among the top 20 most-traded ETFs by volume, underscoring that the memory chip and AI-infrastructure trade has moved beyond niche interest to become a dominant momentum theme on Wall Street.