BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green
BlackRock's IBIT shed another $342 million on Wednesday as ether, solana and XRP funds joined the redemption wave, leaving Hyperliquid's HYPE products as the only major crypto ETF category still pulling in net new money.
U.S. spot bitcoin ETFs have logged 13 straight days of outflows, shedding $4.37 billion since mid-May as total assets dropped to $82.83 billion from $104.29 billion.
Ether, solana and XRP funds have now joined bitcoin products in sustained net redemptions, reversing earlier altcoin ETF inflows as crypto prices slide.
Hyperliquid-linked HYPE ETFs are a rare bright spot, drawing steady inflows and new competition from Grayscale even as Citi says negative bitcoin ETF flows are weighing on market sentiment.
BlackRock's IBIT shed another $342 million on Wednesday as ether, solana and XRP funds joined the redemption wave, leaving Hyperliquid's HYPE products as the only major crypto ETF category still pulling in net new money.
U.S. spot bitcoin ETFs have logged 13 straight days of outflows, shedding $4.37 billion since mid-May as total assets dropped to $82.83 billion from $104.29 billion.
Ether, solana and XRP funds have now joined bitcoin products in sustained net redemptions, reversing earlier altcoin ETF inflows as crypto prices slide.
Hyperliquid-linked HYPE ETFs are a rare bright spot, drawing steady inflows and new competition from Grayscale even as Citi says negative bitcoin ETF flows are weighing on market sentiment.