ETF flows split as BTC and ETH lose ground, XRP and HYPE gain

Institutional crypto flows showed a sharper split last week, which matters because ETF demand is one of the clearest signals of where regulated capital is moving. From June 22 to June 26, U.S. spot Bitcoin ETFs posted about $1.79 billion in net outflows, while U.S. Ethereum ETFs lost about $273.5 million.

At the same time, some smaller products still brought in money. XRP spot ETFs recorded $22.99 million of net inflows, according to SoSoValue, with Bitwise's XRP fund leading at $16.9739 million and Franklin Templeton's XRPZ adding $3.9673 million. Hyperliquid-linked wrappers drew about $111.4 million over the same period, making HYPE the stronger positive signal of the week.

Solana products did not confirm a broad altcoin move. SOL wrappers were slightly negative overall, with zero flow for the first three days, a $3.9 million outflow on June 25, and a $2.0 million inflow on June 26.

That leaves a mixed picture. Investors cut broad exposure through the largest Bitcoin and Ethereum ETFs, but still added to selected altcoin products. For now, the data points to fragmentation rather than a clean rotation, with institutions using different wrappers for different crypto bets.