Blackrock Leads $733M Bitcoin ETF Selloff as HYPE Funds Keep Drawing Inflows

Ether ETFs also remained under pressure. The products posted $67.15 million in net outflows, stretching their losing streak to 12 straight trading days. The bulk of the move came from Blackrocks ETHA, which recorded a $65.10 million exit.

Fidelitys FETH added another $2.05 million in outflows. As with , no ether ETF saw fresh inflows during the session. Total ether ETF value traded reached $517.76 million, and net assets closed at $11.63 billion.

vehicles offered a more selective picture. HYPE ETFs continued to stand out as the preferred exposure, bringing in $3.40 million in net inflows. 21Shares‘ THYP added $1.73 million, while Bitwise’s BHYP drew $1.68 million. Total value traded was $118.97 million, with net assets also finishing at $118.97 million.

ETFs posted a smaller gain, adding $557,160. The entire inflow went into Vanecks VSOL. Total value traded came in at $33.04 million, and net assets closed at $963.13 million. XRP ETFs saw no trading activity, as net assets remained at $1.12 billion.

The days flows showed a market still leaning away from its largest crypto ETF exposures, with bitcoin and ether products losing a combined $800.58 million. HYPE and solana inflows offered a small counterweight, but they were not enough to change the broader message: investors are still cutting risk.