Bitcoin, Ethereum ETFs Shed $112M as Hyperliquid Funds Extend 8-Day Win Streak
Bitcoin and Ethereum ETFs saw a combined $112 million in outflows on Monday, reflecting a broader trend of institutional outflows from legacy crypto products amid macroeconomic uncertainty and geopolitical tensions, particularly tied to the Iran conflict. Last week, crypto investment products recorded $1.47 billion in outflows, with Bitcoin ETFs accounting for $1.315 billion and Ethereum ETFs for $223 million. Outflows were notable in several jurisdictions, including the U.S., Switzerland, Canada, and Hong Kong. In contrast, two Hyperliquid ETFs experienced eight consecutive days of net inflows, totaling $10.95 million on Monday alone, driven by surging interest in Hyperliquid’s infrastructure and significant gains of its HYPE token, which has risen over 140% year-to-date. Bitwise has bolstered demand by allocating a portion of its management fees to directly purchase HYPE tokens. Analyst commentary suggests that ETF outflows are driven by falling prices, rising U.S. Treasury yields, and a market characterized by risk reduction and lack of clear directional conviction. Regulatory risks persist for Hyperliquid despite recent success. Bitcoin is trading around $77,140, with rising odds of retesting previous highs, according to prediction markets.
