Crypto ETFs See May Outflows, Diversified Exposure Resilient

Global crypto ETFs experienced significant net outflows totaling $2.39 billion in May, reversing two months of inflows and marking a substantial decline from April's $1.79 billion in net inflows. This shift led to a drop in total assets under management to $141.1 billion from $158.7 billion. The outflows were predominantly driven by U.S.-listed products, particularly those focused on large-cap assets like Bitcoin and Ether. Despite the overall downturn, diversified crypto exposures and certain altcoin-linked instruments demonstrated relative resilience, outperforming more concentrated large-cap funds.