Key Takeaways:
Bitcoin 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.The market had one less trading day for the week due to the U.S. Juneteenth holiday, but the message was not hard to read.
Bitcoin and Ether Remain Under PressureGrayscale’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.
Ether 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 Leads Altcoin Demand as XRP and Solana Stay PositiveThe strongest flow story came from HYPE ETFs.
BHYP and THYP have accounted for most of the trading activity. Roughly 434 million HYPE, or 45% of the stakeable supply, is currently staked.
