Your day-ahead look for July 1, 2026
By Omkar Godbole|Edited by Sheldon Reback Jul 1, 2026, 11:15 a.m. 3 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on As investments flow out of bitcoin, ether, and sol ETFs, XRP and HYPE funds remain strong. (Tarik Haiga/Unsplash)This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
XRP and Hyperliquid’s HYPE funds have shown resilience amid unprecedented outflows from U.S. spot crypto exchange-traded funds (ETFs).
In June, XRP-focused ETFs recorded net inflows of $59.4 million, marking the third consecutive month of positive growth, although at a reduced rate compared to earlier months, according to data from SoSoValue. Meanwhile, HYPE funds experienced net inflows of $161 million during the same period.
In stark contrast, bitcoin BTC$58,580.68 ETFs faced record outflows exceeding $4 billion, while ether (ETH) ETFs lost $528.99 million, and solana (SOL) ETFs declined by $786,000.
The inflows into XRP and HYPE funds indicate a potential for considerable price increases, especially if bitcoin and the wider market stabilize.
HYPE is also bolstered by strong fundamentals; its parent organization, the decentralized exchange Hyperliquid, reportedly earned over $80 million in fees in the past month, according to DefiLlama. This places it as the third highest among all protocols, trailing only stablecoin leaders Tether ($486.9 million) and Circle Internet ($184.07 million).
Looking ahead to July, there is optimism for market stabilization. Alex Kuptsikevich, FxPro's chief market analyst, noted that July historically trends positively for bitcoin.
"In the last 15 years, bitcoin has finished July in the green ten times and in the red five times, with an average gain of 19% and an average loss of 7.8%," he stated in an email.
However, he cautioned that past performance does not guarantee future results, suggesting that significant inflows into spot ETFs may be necessary to boost BTC. Remain vigilant!
Read more: For insights on today’s altcoin and derivatives activity, check out Crypto Markets Today. Also, for a list of events this week, see CoinDesk's "Crypto Week Ahead."
What’s trending
- Bitcoin’s 20% June crash looks even deadlier on the charts. Here’s why (CoinDesk): The June candlestick for bitcoin resembles a solid red brick with no wicks, indicating a strong bear market throughout the month and signaling potential for further losses in the coming weeks.
- World shares ease, yields rise as yen hits 40-year low (Reuters): Global equities opened the quarter with caution ahead of crucial U.S. jobs data, amidst uncertainties regarding U.S.-Iran negotiations and speculation about possible Japanese intervention in foreign exchange markets as the yen reaches a 40-year low.
- Gold prices decline further following the worst quarter in 13 years as interest rate concerns impact the metal (CNBC): Gold prices have continued to fall after finishing its worst quarter in over a decade, with futures dropping 1.24% to $3,989.00.
- Trump earned over $1 billion from crypto connections as the industry faced a downturn (CoinDesk): Former President Donald Trump profited more than $1 billion from crypto sales and royalties last year while in office, promoting pro-crypto policies during his administration.
Today’s signal
The SPDR gold shares ETF is moving into a death cross. (TradingView)Need proof of the current unpopularity of store-of-value assets? Look at the SPDR Gold Shares ETF, the largest globally.
The ETF is now entering a death cross, with the 50-day moving average crossing below the 200-day average, a widely recognized indicator of prolonged decline.
BlackRock's bitcoin ETF (IBIT) also entered a death cross in December, leading to a 35% decline since then.
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