Key Takeaways:
Bitcoin ETFs lost $1.72B for a 4th straight week, led by Blackrock IBIT’s $1.34B outflow.Ether ETFs shed $168M, while HYPE gained $17M and XRP added $2.6M in fresh inflows.Glassnode data shows ETF outflows at a record pace, signaling more selective allocations.Fidelity’s FBTC also saw a heavy exit, losing $201.9 million. Grayscale’s GBTC shed $144.3 million, while Ark & 21Shares’ ARKB posted $49.7 million in outflows. Bitwise’s BITB lost $15.6 million, and Invesco’s BTCO saw $12.6 million leave the fund.
There were a few exceptions. Morgan Stanley’s MSBT added $35.1 million, while Vaneck’s HODL drew $4.2 million. But those gains were too small to offset the broader retreat.
Ether ETFs followed the same broad path. The category posted $168 million in net outflows, even after Thursday’s $19.30 million inflow broke a 17-day losing streak. Earlier in the week, ether funds lost $44.44 million on Monday, $90.15 million on Tuesday, and $52.94 million on Wednesday. Blackrock’s ETHA was repeatedly at the center of the outflows before turning positive on Thursday. Yet the week finished with an outflow of $5.97 million on Friday.
HYPE ETFs again looked different from the rest of the market. The category drew $17 million in net inflows for the week, supported by steady demand across products from Bitwise, 21Shares, and Grayscale. HYPE also extended its inflow streak during the week, making it one of the clearest signs of selective institutional appetite.
