Ethereum, Hyperliquid, Solana All See Inflows... Bitcoin, 10 Consecutive Trading Days of 'Fund Outflows'

▲ Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Hyperliquid (HYPE)/AI Generated Image

Bitcoin (BTC) ETFs saw $294.62 million exit, marking 10 consecutive trading days of fund outflows. In contrast, Ethereum (ETH), Hyperliquid (HYPE), and Solana (SOL) ETFs saw inflows, highlighting a clear difference in sentiment across the cryptocurrency ETF market.

According to crypto media outlet NewsBitcoin on July 2 (local time), Bitcoin ETFs recorded a total net outflow of $294.62 million as of July 1. Blackrock's IBIT alone saw $219.39 million exit, Grayscale's GBTC $62.79 million, Fidelity's FBTC $51.02 million, and Ark & 21Shares' ARKB $39.30 million.

However, some Bitcoin ETF products still attracted funds. Grayscale Bitcoin Mini Trust saw an inflow of $36.33 million, and Morgan Stanley's MSBT received $29.81 million. Invesco BTCO, Franklin EZBC, Vaneck HODL, and Hashdex DEFI also recorded small inflows, but these were insufficient to reverse the overall net outflow. Bitcoin ETFs closed with a total trading volume of $2.4 billion and net assets of $72.46 billion.

Julio Monero of Cryptoquant stated that the holdings of US-based Bitcoin ETFs are lower than on the same day a year ago. Cryptoquant verified author Darkfost explained that over 100,000 BTC have exited ETF issuer reserves in 2026, and over 160,000 BTC have been sold since the peak of ETF-held Bitcoin in October 2025. This indicates that concerns about weakening Bitcoin demand are leading to caution across the ETF market.

On the other hand, Ethereum ETFs showed a different trend than Bitcoin. Ethereum ETFs recorded a net inflow of $14.89 million, breaking a 9-day consecutive outflow streak. Blackrock ETHA saw an inflow of $36.64 million, absorbing outflows from Grayscale Ethereum Mini Trust ($18.46 million), Blackrock ETHB ($1.67 million), and Fidelity FETH ($1.61 million). Ethereum ETF trading volume was $500.33 million, and net assets totaled $8.56 billion.

Altcoin ETF trends were also mixed. Hyperliquid ETFs recorded a net inflow of $2.85 million, primarily driven by Bitwise BHYP, and Solana ETFs saw a net inflow of $521,070. In contrast, XRP ETFs saw $2.88 million flow into Franklin XRPZ, but $4.75 million exited Bitwise XRP products, resulting in a net outflow of $1.86 million. On this day, the ETF market was dominated by Bitcoin's weakness, but it also revealed that bargain-hunting funds were alive in Ethereum and some altcoin products.

[Key Article Summary]

-Bitcoin ETFs recorded a net outflow of $294.62 million, continuing fund outflows for 10 consecutive trading days.

-Ethereum ETFs broke a 9-day consecutive outflow streak with a net inflow of $14.89 million.

-Hyperliquid and Solana ETFs recorded fund inflows, but XRP ETFs showed weakness with a net outflow of $1.86 million.

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