Investors pull $1.2B from bitcoin and ether ETFs, shifting to altcoins like HYPE and XRP funds.
Investors withdrew over $1 billion from bitcoin ETFs and $215 million from ether ETFs last week, signaling reduced interest in major crypto assets. Instead, funds flowed into alternative tokens, with new HYPE spot products gaining about $72 million and XRP and SOL ETFs attracting $22 million and $15.6 million respectively. Hyperliquid's HYPE token surged 59% this month, driven by rising fees and trading volumes in real-world asset markets. This shift shows investors are rotating capital toward emerging crypto narratives and away from traditional large-cap exposure, with Hyperliquid expanding into new markets like pre-IPO trading and prediction contracts, challenging traditional exchanges.
➤ Investors are withdrawing significant capital from Bitcoin and Ether ETFs, reallocating funds to alternative cryptocurrencies like HYPE, XRP, and SOL. ➤ The shift is driven by a rotation towards emerging crypto narratives and platforms like Hyperliquid, which is expanding into new markets beyond traditional crypto derivatives. ➤ Hyperliquid's HYPE token has seen substantial growth, fueled by rising fees, trading volumes in real-world asset markets, and institutional demand.
