Crypto ETFs Split as Ether, HYPE and Solana Gain While Bitcoin Loses $295 Million
Crypto ETF flows remained mixed on Wednesday, July 1, as Bitcoin funds posted a $294.62 million net outflow, marking a 10th straight day of redemptions. Ether, HYPE, and Solana ETFs recorded inflows, while XRP products slipped into the red.
Bitcoin ETFs stayed under pressure, led by Blackrock’s IBIT which saw $219.39 million exit. Grayscale’s GBTC lost $62.79 million, Fidelity’s FBTC dropped $51.02 million, and Ark & 21Shares’ ARKB saw a $39.30 million outflow. However, some funds attracted inflows: Grayscale’s Bitcoin Mini Trust added $36.33 million, Morgan Stanley’s MSBT brought in $29.81 million, and Invesco’s BTCO gained $5.37 million. Total Bitcoin ETF value traded was $2.40 billion, with net assets at $72.46 billion.
Cryptoquant analysts noted that U.S.-based Bitcoin ETF holdings are now lower than a year earlier, with overall Bitcoin demand contracting. More than 100,000 BTC have left ETF provider reserves in 2026, and over 160,000 BTC have been sold since the October 2025 peak.
Ether ETFs broke the negative trend, adding $14.89 million in net inflows. Blackrock’s ETHA led with $36.64 million, offsetting outflows from Grayscale’s Ether Mini Trust ($18.46 million), Blackrock’s ETHB ($1.67 million), and Fidelity’s FETH ($1.61 million). Total Ether ETF value traded was $500.33 million, with net assets at $8.56 billion.
HYPE ETFs returned to positive territory, recording $2.85 million in inflows, primarily via Bitwise’s BHYP. Total value traded was $13.26 million, and net assets closed at $318.81 million.
XRP ETFs recorded a $1.86 million net outflow. Franklin’s XRPZ added $2.88 million, but Bitwise’s XRP product lost $4.75 million. Total value traded was $14.05 million, with net assets at $960.61 million.
Solana ETFs added $521,070, with Bitwise’s BSOL drawing $3.99 million and Grayscale’s GSOL losing $3.47 million. Total value traded was $68.06 million, and net assets closed at $891.24 million.
Wednesday’s flows showed Bitcoin weakness persisting, but Ether and select altcoin funds found buyers, indicating a market not defined entirely by the Bitcoin sell-off.