The Exchange Traded Fund (ETF) Shift and Macro Drag
Digital asset markets faced downward pressure between May 20–27, 2026, driven by significant outflows from U.S. spot Bitcoin and Ethereum ETFs amid geopolitical tensions and a risk-off environment. Despite this, a market divergence emerged as institutional capital rotated into Layer-1 “beta” assets like Solana (SOL) and Ripple (XRP), which saw positive inflows in their respective investment vehicles.
Anchored Yields, Selective Demand: Markets Navigate Policy
The fixed-income secondary market closed with a mildly bullish tone in the T-bills market and a broadly range-bound bond market. Overall, T-bill yields eased from Monday, supported by steady demand midweek despite brief sell-offs on Tuesday, before flattening into the Friday close…