Bitcoin ETFs ended a four-day losing streak with $32.11 million in net inflows, powered by strong demand for Blackrock’s IBIT. Solana funds also rebounded sharply, while ether and HYPE ETFs moved deeper into negative territory.
Key Takeaways
Blackrock’s IBIT drove $32.11M into bitcoin ETFs, ending a 4-day losing streak.Morgan Stanley’s MSOL drew $19.06M, showing staking ETFs can redirect altcoin demand.HYPE lost $8.78M for a 5th day as XRP ETFs added a modest $584.7K.The crypto exchange-traded fund (ETF) market changed direction again on Wednesday, July 29. Bitcoin found buyers after four straight sessions of withdrawals, while solana erased the previous day’s heavy loss with an almost matching inflow.
Ether funds were less fortunate. They slipped back into outflows after two positive sessions, and HYPE ETFs extended their losing streak to five days.
Blackrock Lifts Bitcoin as Ether Funds RetreatTotal bitcoin ETF trading value reached $1.88 billion, while combined net assets closed at $77.46 billion.
Ether ETFs recorded a more divided session. Morgan Stanley’s newly launched staking fund, MSSE, attracted $14.30 million, while Blackrock’s ETHA added $5.16 million.
Those additions were outweighed by selling across five products. Fidelity’s FETH lost $16.07 million. Grayscale’s ETHE and Ether Mini Trust posted outflows of $9.74 million and $8.09 million, respectively.
21Shares’ TETH shed $2.85 million, while Bitwise’s ETHW lost $1.36 million. The category ended with an $18.65 million net outflow. Ether ETF trading value totaled $563.79 million, with net assets closing at $10.37 billion.
Solana Rebounds as HYPE Selling AcceleratesAll of the new capital went to Morgan Stanley’s recently launched MSOL, a staking-enabled solana ETF. Total trading value reached $60.21 million, while net assets rose to $862.98 million.
XRP ETFs also returned to positive territory, though the gain was modest. Franklin Templeton’s XRPZ attracted $584,710, lifting total category assets to $988.70 million. Trading value reached $10.35 million.
HYPE ETFs remained under pressure. Bitwise’s BHYP recorded an $8.78 million outflow, marking the category’s fifth consecutive losing session. HYPE ETF trading value was $6.92 million, while net assets fell to $252.38 million.
The latest flows point to a market that is still willing to take crypto risk, but with growing selectivity. Bitcoin regained support, solana rebounded, and staking products drew interest. Ether and HYPE, however, faced another round of redemptions.
