Bitcoin and Ether ETFs Lose $249 Million While HYPE Funds Extend Inflow Run

Key Takeaways

HYPE ETFs Add $2.78 Million as Bitcoin Funds Extend 4-Day Outflow Streak

The crypto exchange-traded fund (ETF) market is still struggling to find firm ground. Bitcoin and ether funds remained the weak points of the session, with investors continuing to pull capital from the two largest digital asset categories. The pressure was not broad enough to erase demand elsewhere, but it was large enough to keep the overall tone defensive.

Bitcoin ETFs posted $213.85 million in net outflows, extending their new losing streak to four trading days. The withdrawals were led by Blackrock’s IBIT, which saw $148.47 million leave the fund.

Grayscale’s GBTC added to the pressure with an $87.91 million outflow. There were some offsets, but they were not strong enough to change the day’s direction. Grayscale’s Bitcoin Mini Trust attracted $17.52 million, while Fidelity’s FBTC added $4.04 million. Total bitcoin ETF value traded stood at $1.90 billion, while total net assets slipped again to $77.33 billion.

Four days of straight outflows for bitcoin ETFs worth $708 million. Source: Sosovalue

Ether ETFs also finished in negative territory. The category recorded $35.59 million in net outflows, marking another session of weak demand after Tuesday’s exit. Blackrock’s ETHA led the redemptions with a $20.64 million outflow. Fidelity’s FETH followed closely, losing $16.63 million.

A small inflow of $1.68 million into Blackrock’s ETHB helped soften the decline, but only slightly. Total ether ETF value traded reached $480.42 million, while net assets closed at $8.96 billion.

HYPE ETFs again offered a brighter signal. The category brought in $2.78 million, with inflows split between Bitwise’s BHYP and Grayscale’s HYPG. BHYP added $1.82 million, while HYPG drew $952,550. Total HYPE ETF value traded came in at $26.90 million, and net assets closed at $153.58 million.

XRP ETFs also remained positive, though flows were lighter. The category added $1.19 million, entirely through Franklin’s XRPZ. Total traded value was $11.08 million, while net assets closed at $948.98 million.

Solana ETFs had a quiet session, with no trading activity recorded. Net assets closed at $729.15 million.

Wednesday’s flows showed a market still defined by selective demand. Bitcoin and ether ETFs lost a combined $249.44 million, keeping pressure on the largest products. Yet continued inflows into HYPE and XRP ETFs suggest investors are not leaving crypto exposure altogether. They are simply limiting their exposure to it in the interim.