Ethereum ETFs See Strong Inflows While Hyperliquid ETF Loses Assets
In the week ending July 24, Ethereum (ETH) exchange-traded funds attracted $103.9 million in inflows, marking a third consecutive positive week and outpacing other major spot crypto ETFs. Smaller altcoin ETFs also saw gains, with XRP leading at $8 million followed by Solana ($7 million), Chainlink ($3 million), and Dogecoin seeing its first inflow in five weeks. By contrast, Bitcoin (BTC) ETFs experienced a decline in weekly inflows from $197 million to just $33.79 million over three consecutive weeks, with two days of significant outflows totaling nearly $465 million on July 23 and 24. Hyperliquid’s HYPE ETF continued its downward trend for the second week, shedding $8.6 million in assets as volume dropped to a post-launch low. The data suggests growing investor confidence in Ethereum compared with caution toward newer products like Hyperliquid. The coming weeks will be critical in determining whether Ethereum maintains its lead or if Bitcoin regains momentum.
Topics: altcoin funds Bitcoin ETF Ethereum ETF Hyperliquid ETF