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HYPE funds attract millions as investors dump bitcoin and ether ETFs
Key takeaways
- Bitcoin ETFs saw more than $1 billion in outflows last week, extending a sharp institutional pullback, while ether funds lost another $215 million, according to data source SoSoValue.
- But the redemptions haven't been uniform.
- XRP and sol ETFs registered inflows worth $22 million and $15.6 million, respectively.
Crypto fund flows are starting to fracture, with investors exiting bitcoin BTC$77,389.41 and ether (ETH) exchange-traded funds (ETFs) while rotating into alternative tokens such as Hyperliquid’s hype (HYPE) and XRP (XRP).
Bitcoin ETFs saw more than $1 billion in outflows last week, extending a sharp institutional pullback, while ether funds lost another $215 million, according to data source SoSoValue. The continued bleeding from the two largest assets signals a cooling appetite for broad, benchmark crypto exposure.
But the redemptions haven't been uniform.
Article preview — originally published by CoinDesk. Full story at the source.
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