Global crypto exchange-traded products (ETPs) experienced significant outflows in May, reversing two months of net inflows. According to TrackInsight data, the market saw $2.39 billion in net outflows, compared to $1.79 billion in inflows in April, with total assets under management dropping to $141.1 billion from $158.7 billion. U.S.-listed products accounted for nearly all redemptions, maintaining a dominant 84.5% share of the global market. Despite the outflows, certain ETFs showed resilience, with income, staking, and newly launched products leading gains. Notable performers included the NEOS Bitcoin High Income ETF and Bitwise Solana Staking ETF, which saw net inflows of $141.8 million and $79.3 million, respectively. The CoinDesk 20 Index fell 1.11% in May, while the more concentrated CoinDesk 5 Index declined 3.73%, highlighting the relative strength of diversified and altcoin exposures during the period.