Grayscale’s GBTC Leads $227M Bitcoin ETF Weekly Outflow as HYPE Funds Add $28M
Crypto ETF flows remained divided in the holiday-shortened week ending June 19, with bitcoin funds posting $226.8 million in outflows and ether ETFs slipping by $10 million. Altcoin products told a stronger story, with combined additions of $46 million into HYPE, XRP, and solana ETFs.
Bitcoin and Ether Under Pressure Bitcoin spot ETFs extended their weekly outflow streak to six consecutive weeks. Grayscale’s GBTC was the largest drag, losing $156.3 million, followed by Ark & 21Shares’ ARKB with $50.1 million outflows, and Blackrock’s IBIT shedding $44.7 million. VanEck’s HODL lost $14.6 million, Invesco’s BTCO $6.4 million, and Franklin’s EZBC $5.8 million.
Partial offsets included Morgan Stanley’s MSBT adding $25.8 million, Grayscale’s Bitcoin Mini Trust bringing in $15 million, and Fidelity’s FBTC gaining $9.6 million. However, inflows were insufficient to repair the week’s damage.
According to Galaxy Research, U.S. spot bitcoin ETFs posted $6.35 billion in net outflows over the past 30 days—the largest rolling 30-day outflow on record across 582 tracked windows, indicating sustained institutional pullback.
Ether ETFs also ended the week in negative territory, with $10 million in net outflows. Early-week support was partially erased by later redemptions. Ether funds are no longer facing the same scale of pressure seen in prior weeks, but have yet to rebuild steady momentum.
HYPE Leads Altcoin Demand HYPE ETFs attracted $27.9 million in net inflows, far outpacing XRP and solana products. Spot HYPE ETFs have now drawn about $153 million in net inflows and generated nearly $900 million in cumulative trading volume since launch. The three products—21Shares’ THYP, Bitwise’s BHYP, and Grayscale’s HYPG—hold HYPE directly and distribute staking rewards. BHYP and THYP accounted for most trading activity. Approximately 434 million HYPE (45% of stakeable supply) is currently staked.
XRP ETFs added $10.7 million, and Solana ETFs brought in $7.1 million, helped by steady demand across the shortened trading week.
The week’s flows showed a market that is still cautious but no longer uniform. Bitcoin remains the weak point, ether is stabilizing, and altcoin ETFs are attracting selective capital. Institutional demand has not vanished but has narrowed.