Funds flow to HYPE ETF amid large outflows from BTC, ETH ETFs

While Bitcoin ETFs saw over $1 billion in outflows and Ethereum ETFs lost $215 million last week, funds shifted to select altcoin ETFs including HYPE, XRP, and SOL, CoinDesk reported. Specifically, the HYPE spot products from Bitwise and 21Shares attracted approximately $72.38 million in inflows. XRP and SOL ETFs also saw inflows of $22 million and $15.6 million, respectively. Market analysts suggest that investors are reducing their positions in major cryptocurrencies and reallocating capital to projects with new narratives and higher potential profitability. Meanwhile, HYPE has surged 59% over the past month, and Hyperliquid's trading volume and fee revenue have continued to grow.