Bitcoin, Ethereum ETFs Shed $112M as Hyperliquid Funds Prolong 8-Day Win Streak – Decrypt

Bitcoin and Ethereum exchange-traded funds posted $112 million in mixed outflows on Monday, whereas two Hyperliquid ETFs prolonged their successful streak to eight consecutive days of internet shopping for.

The divergence highlights a rising break up in institutional urge for food: legacy crypto funds are bleeding capital amid macro uncertainty, whereas newer merchandise tied to Hyperliquid’s high-growth infrastructure thesis proceed to draw demand.

Bitcoin ETFs led the losses with $105.2 million in outflows, whereas Ethereum ETFs shed $6.7 million, in response to SoSoValue information. The strikes come as digital asset funding merchandise recorded $1.47 billion in outflows final week, making it the third-largest weekly complete of 2026, in response to CoinShares.

Bitcoin ETFs alone noticed $1.315 billion in outflows, the most important weekly outflow of the 12 months, whereas Ethereum funds recorded $223 million in outflows. CoinShares attributed the risk-off sentiment to ongoing geopolitical tensions associated to the Iran battle, with outflows extending past the U.S. to Switzerland, Canada, and Hong Kong.

In the meantime, the 2 Hyperliquid ETFs have posted internet shopping for for eight straight days, including $10.95 million on Monday. The streak started on Might 13 with a $1.17 million internet addition and has included every day flows starting from $4.4 million to $25.5 million, led by a $25.5 million print on Might 20.

The uptick in HYPE ETF flows comes because the token hit a brand new all-time excessive of $64.21 on Sunday, following a 2026 efficiency that has seen the token surge almost 50% over the previous month and clock over 140% year-to-date positive aspects.

The rally follows a profitable launch of HYPE ETFs and institutional assist, particularly from Bitwise, which allotted 10% of the administration charges from its newly launched Hyperliquid ETF (BHYP) to immediately buy and maintain HYPE on its company stability sheet.

Regardless of the contrasting flows, Tim Solar, senior researcher at HashKey Group, informed Decrypt that the ETF outflows from Bitcoin and Ethereum are being pushed by a mixture of value motion and rising Treasury yields. ”Bitcoin’s value has truly dropped beneath the common buy value of the ETFs, triggering a sure diploma of promoting stress,” he stated. ”Moreover, as a result of the U.S. Treasury yield curve has shifted upward as a complete, it has suppressed the urge for food for arbitrage capital.”

Solar added that the market is in a wait-and-see interval, with choices information displaying no clear directional choice from both institutional or retail traders. ”The market is primarily shopping for draw back safety and decreasing threat publicity, reasonably than making large-scale bets on a one-way crash or a speedy rebound,” he stated.

On Hyperliquid’s prospects, Solar cautioned that regulatory hurdles stay important regardless of the platform’s progress. ”The CME and ICE just lately collectively pressured Congress to name for scrutiny over it. Regulatory dangers not solely exist however are repeatedly rising,” he stated. ”Conversely, although, this additionally proves that Hyperliquid’s personal buying and selling quantity and enterprise efficiency are remarkably distinguished.”

Bitcoin is at the moment buying and selling at round $77,140, down 0.3% over the previous 24 hours, in response to CoinGecko information.

On prediction market Myriad, owned by Decrypt’s dad or mum firm Dastan, customers now see a 74% likelihood that Bitcoin will retest $84,000 subsequent, reasonably than dumping to $55,000. That quantity has dropped from 86% on Might 14, according to Bitcoin’s decline from $81,700 to $74,500 final weekend.