BTC ETFs dey sustain 13-day outflows; ETH, SOL, XRP join—HYPE ETF na only one wey get inflow
U.S. spot bitcoin ETF (BTC ETF) flows still dey under pressure. Di funds don record 13th day straight of outflows, dem don comot about $4.37B since mid-May and don cut total assets to $82.83B.
On Wednesday, BTC ETF redemptions continue again, BlackRock’s IBIT carry the biggest outflow of about $342.34M, while Fidelity’s FBTC lose about $54.26M. Market background na weaker spot prices, bitcoin dey around $65,462.
Ether, Solana and XRP ETFs (non-BTC ETF categories) turn to steady net redemptions too: ETH ETFs see about $52.94M total outflows, SOL funds about $12.74M, and XRP funds about $5.34M. This na wider reversal from earlier altcoin ETF inflows.
One exception na Hyperliquid’s HYPE ETF complex. 21Shares’ THYP pull in about $2.99M, push cumulative HYPE ETF net inflows to about $139.51M since launch, and total net assets to ~ $192.01M. HYPE rise ~3.45% even as rest of crypto sell-off.
Grayscale launch HYPG, say na e be lowest-fee U.S. spot HYPE vehicle, make competition higher against Bitwise’s BHYP and 21Shares’ THYP.
Citi talk say BTC ETF flows explain ~45% of weekly BTC price moves and dem expect sentiment go remain subdued while ETF flows dey negative and U.S. market-structure legislation dey stall.
Bearish
Dis kain na dey generally bearish for BTC price action. Persistent BTC ETF outflow streak (13 sessions straight, about $4.37B since mid-May) dey usually pressure spot demand and make market positioning defensive. Di article too show risk of contagion: ETH, SOL and XRP ETFs wey don turn to net redemptions no be only BTC-specific trade, e mean say na wider “risk-off” rotation dey happen wey dey move people away from crypto ETFs.
But get counter-signal. HYPE ETFs still dey attract net inflows, and Grayscale HYPG launch show say product interest and competition still dey. That fit limit downside for HYPE specifically, but e no big enough (compared to scale of BTC ETF redemptions) to offset overall market pressure.
Short term, traders dey often respond to negative BTC ETF prints with weaker bids and higher sensitivity to dips—historically, ETF outflow streaks dey often coincide with consolidation or further selloffs as leveraged traders reduce exposure. Long term, if flows stabilize (or reverse) and legislation progress improve market structure expectations, the same ETF mechanism fit turn to being a tailwind; Citi note say BTC ETF flows track meaningful portion of weekly BTC moves dey confirm say reversal risk fit go both ways.