Bitcoin & Ethereum ETFs See $112M Outflows, Hyperliquid ETFs Attract $10.95M
Bitcoin and Ethereum exchange-traded funds posted $112 million in combined outflows on Monday, according to SoSoValue data. Bitcoin ETFs led the losses with $105.2 million in outflows, while Ethereum ETFs shed $6.7 million. The moves come as digital asset investment products recorded $1.47 billion in outflows last week, the third-largest weekly total of 2026, per CoinShares. Bitcoin ETFs alone saw $1.315 billion in outflows, the largest weekly outflow of the year, while Ethereum funds recorded $223 million. CoinShares attributed the risk-off sentiment to ongoing geopolitical tensions related to the Iran conflict, with outflows extending beyond the U.S. to Switzerland, Canada, and Hong Kong. In contrast, two Hyperliquid ETFs have posted net buying for eight consecutive days, adding $10.95 million on Monday. The streak began on May 13 with a $1.17 million net addition and has included daily flows ranging from $4.4 million to $25.5 million, led by a $25.5 million print on May 20. The uptick in HYPE ETF flows comes as the token hit a new all-time high of $64.21 on Sunday, following a 2026 performance that has seen the token surge nearly 50% over the past month and over 140% year-to-date. The rally follows a successful launch of HYPE ETFs and institutional support, especially from Bitwise, which allocated 10% of management fees from its Hyperliquid ETF to directly purchase and hold HYPE on its corporate balance sheet. Tim Sun, senior researcher at HashKey Group, told Decrypt that ETF outflows from Bitcoin and Ethereum are driven by price action and rising Treasury yields. Bitcoin’s price has dropped below the average purchase price of ETFs, triggering selling pressure, while higher Treasury yields suppress arbitrage appetite. On Hyperliquid’s prospects, Sun noted that regulatory hurdles remain significant despite growth, as CME and ICE recently pressured Congress for scrutiny. Bitcoin traded at around $77,140, down 0.3% over 24 hours. On prediction market Myriad, users see a 74% chance that Bitcoin will retest $84,000 next, down from 86% on May 14.
Key facts
- Bitcoin ETFs saw $105.2M outflows on Monday; Ethereum ETFs shed $6.7M.
- Digital asset products had $1.47B outflows last week, third-largest weekly total of 2026.
- Two Hyperliquid ETFs posted net buying for eight consecutive days, adding $10.95M on Monday.
- HYPE token hit new all-time high of $64.21 on Sunday, up over 140% year-to-date.
- Bitwise allocates 10% of Hyperliquid ETF management fees to purchase and hold HYPE.