Grayscale’s GBTC Leads $227M Bitcoin ETF Weekly Outflow as HYPE Funds Add $28M
CryptoETF flows stayed divided in the holiday-shortened week ending June 19, withbitcoinfunds posting $226. 8 million in outflows and ether ETFs slipping by $10 million. Altcoinproducts told a stronger story,. . .
CryptoETF flows stayed divided in the holiday-shortened week ending June 19, withbitcoinfunds posting $226. 8 million in outflows and ether ETFs slipping by $10 million. Altcoinproducts told a stronger story, with a combined addition of $46 million into HYPE,XRP, andsolanaETFs. Key TakeawaysBitcoin ETFs lost $226. 8M for a 6th straight week of outflows, led by Grayscale GBTC. HYPE ETFs gained $27. 9M, while XRP and solana ETFs added $10. 7M and $7. 1M. Galaxy Research flagged a record $6. 35B in 30-day bitcoin ETF outflows. AltcoinETFs Gain Momentum asBitcoinFunds Post Sixth Weekly OutflowThe market had one less trading day for the week due to the U. S. Juneteenth holiday, but the message was not hard to read. Bitcoinexchange-traded funds (ETFs) remained under pressure, extending their weekly outflow streak to six consecutive weeks. Ether funds were nearly flat, but still negative. At the same time, investors continued to add capital to newer and more targetedcryptoETF products, with HYPE leading the way. Bitcoinand Ether Remain Under PressureBitcoinspot ETFs recorded $226. 8 million in net outflows for the week. The selling was not as severe as earlier in June, but it was enough to keep the category in a clear downtrend. Grayscale’s GBTC was the largest drag, losing $156. 3 million. Ark & 21Shares’ ARKB followed with $50. 1 million in outflows, while Blackrock’s IBIT shed $44. 7 million. Other redemptions came from Vaneck’s HODL, which lost $14. 6 million, Invesco’s BTCO with $6. 4 million, and Franklin’s EZBC with $5. 8 million. There were offsets. Morgan Stanley’s MSBT added $25. 8 million, Grayscale’sBitcoinMini Trust brought in $15 million, and Fidelity’s FBTC gained $9. 6 million. But those inflows could not fully repair the week’s damage. The wider backdrop remains difficult. According toGalaxy Research, U. S. spotbitcoin ETFsposted $6. 35 billion in net outflows over the past 30 days, the largest rolling 30-day outflow on record across 582 tracked windows. That points to a sustained institutional pullback, not just a few weak sessions. Source: Galaxy ResearchEther ETFs also finished the week in negative territory, though only slightly. The category recorded $10 million in net outflows. Monday and Tuesday offered some support, but redemptions later in the week erased much of the early strength. The result was not a collapse. It was more of a stall. Ether funds are no longer facing the same scale of pressure seen in prior weeks, but they have yet to rebuild steady momentum. HYPE LeadsAltcoinDemand asXRPandSolanaStay PositiveThe strongest flow story came from HYPE ETFs. The category attracted $27. 9 million in net inflows for the week, far outpacingXRPandsolanaproducts. It also continued to build on a strong first month of trading. Spot HYPE ETFs have now drawn about $153 million innet inflowsand generated nearly $900 million in cumulativetrading volumesince launch. The three products currently on the market, 21Shares’ THYP, Bitwise’s BHYP, and Grayscale’s HYPG, all hold HYPE directly and distributestakingrewards to investors. HYPE ETFs have held onto their strong debut with six straight weeks of inflows. Source: SosovalueBHYP and THYP have accounted for most of the trading activity. Roughly 434 million HYPE, or 45% of the stakeable supply, is currently staked. XRPETFs also ended the week in the green, adding $10. 7 million. SolanaETFs brought in $7. 1 million, helped by steady demand across the shortened trading week. The week’s flows showed a market that is still cautious, but no longer uniform. Bitcoinremains the weak point, ether is trying to stabilize, andaltcoinETFs are attracting more selective capital. For now, institutional demand has not vanished. It has narrowed.