Bitcoin spot ETFs posted a sixth consecutive week of net outflows, while altcoin‑focused funds such as $HYPE attracted fresh capital amid a shortened trading week caused by the U.S. Juneteenth holiday.
Bitcoin ETFs Under Continued Pressure
Investors withdrew $226.8 million from Bitcoin spot ETFs this week, extending the sell‑off to six weeks in a row. Grayscale’s GBTC led the decline with a $156.3 million outflow, followed by Ark & 21Shares’ ARKB at $50.1 million and BlackRock’s IBIT shedding $44.7 million. Smaller redemptions came from Vaneck’s HODL ($14.6 million), Invesco’s BTCO ($6.4 million) and Franklin’s EZBC ($5.8 million).
Inflows from Morgan Stanley’s MSBT ($25.8 million), Grayscale’s Bitcoin Mini Trust ($15 million) and Fidelity’s FBTC ($9.6 million) softened the blow but could not reverse the weekly deficit.
Altcoin ETF Inflows Rise
Even as Bitcoin funds faltered, investors redirected money toward niche crypto ETFs, with the $HYPE product leading the surge. This shift signals growing confidence in diversified blockchain exposure despite the broader market dip. Altcoin ETFs remain near‑flat on the Ether side, yet the overall trend points to expanding interest beyond Bitcoin.
Market Outlook and Investor Sentiment
Galaxy Research reports that U.S. spot Bitcoin ETFs have suffered $6.35 billion in net outflows over the past 30 days, marking the largest rolling thirty‑day withdrawal on record across 582 tracked windows. The sustained out