Summary
- On Monday, Bitcoin ETFs experienced outflows totaling $105 million, while Ethereum ETFs lost $6.7 million amid heightened risk aversion due to tensions involving Iran.
- Two Hyperliquid ETFs have recorded net inflows for eight consecutive days, with $10.95 million added on Monday and $25.5 million last week.
- Bitcoin's price stood at $76,700, reflecting a 0.7% decrease over the last 24 hours, as users on Myriad lowered the likelihood of a price surge to $84,000 to 74%.
On Monday, Bitcoin and Ethereum exchange-traded funds (ETFs) collectively saw outflows amounting to $112 million, while two Hyperliquid ETFs continued their impressive run with eight days of net buying.
This trend indicates a growing divide in institutional interest: traditional crypto funds are experiencing capital outflows amid macroeconomic uncertainties, whereas newer products linked to Hyperliquid’s promising infrastructure are gaining traction.
According to SoSoValue data, Bitcoin ETFs led the losses with outflows of $105.2 million, while Ethereum ETFs had $6.7 million in outflows. This comes as digital asset investment products faced outflows totaling $1.47 billion last week, marking the third-largest weekly total of 2026, as reported by CoinShares.
Specifically, Bitcoin ETFs recorded $1.315 billion in outflows, the largest weekly drop of the year, and Ethereum funds saw $223 million exit. CoinShares attributed this risk-averse sentiment to ongoing geopolitical tensions related to the Iran situation, with outflows noted beyond the U.S., affecting markets in Switzerland, Canada, and Hong Kong.
In contrast, the two Hyperliquid ETFs have enjoyed net inflows for eight days straight, adding $10.95 million on Monday alone. This streak began on May 13 with a net addition of $1.17 million, featuring daily inflows ranging from $4.4 million to $25.5 million, with the highest being $25.5 million on May 20.
The rise in HYPE ETF inflows coincides with the token reaching a new all-time high of $64.21 on Sunday, following a nearly 50% surge over the past month and over 140% year-to-date gains.
This rally follows the successful introduction of HYPE ETFs and backing from institutions like Bitwise, which has committed 10% of its management fees from the newly launched Hyperliquid ETF (BHYP) to purchase and hold HYPE on its balance sheet.
Despite the contrasting trends in flows, Tim Sun, a senior researcher at HashKey Group, explained to Decrypt that the outflows from Bitcoin and Ethereum ETFs are influenced by both price movements and rising Treasury yields. "Bitcoin’s price has dropped below the average purchase price of the ETFs, resulting in some selling pressure," he noted. "Moreover, the overall increase in U.S. Treasury yields has dampened the appetite for arbitrage capital."
Sun further remarked that the market is currently in a cautious phase, with options data indicating no clear directional bias from institutional or retail investors. "The market is primarily focused on buying downside protection and minimizing risk exposure, rather than making significant bets on either a crash or a quick recovery," he said.
Regarding Hyperliquid’s future, Sun warned that regulatory challenges remain substantial despite its growth. "The CME and ICE have recently urged Congress to scrutinize it. Regulatory risks are not only present but are also increasing," he stated. "However, this also highlights the impressive trading volume and business performance of Hyperliquid."
Currently, Bitcoin is trading around $77,140, which is a 0.3% dip in the last 24 hours, according to CoinGecko data.
On the prediction market Myriad, users now estimate a 74% chance that Bitcoin will attempt to reach $84,000 next, rather than falling to $55,000. This probability has decreased from 86% on May 14, aligning with Bitcoin's drop from $81,700 to $74,500 over the weekend.