XRP and HYPE Funds Shine Amid Massive Outflows from Bitcoin and Ether ETFs

Market Update for July 1, 2026

XRP and Hyperliquid’s HYPE funds have demonstrated notable resilience amidst significant outflows from U.S. spot crypto exchange-traded funds (ETFs). In June, XRP-focused ETFs attracted $59.4 million in net inflows, marking the third month of consecutive growth, albeit at a slower pace than earlier in the year. In contrast, HYPE funds saw robust inflows of $161 million for the same period.

Meanwhile, bitcoin ETFs faced unprecedented outflows exceeding $4 billion, with ether ETFs losing $528.99 million and solana ETFs down by $786,000. The inflows into XRP and HYPE funds suggest a potential for price appreciation, especially if bitcoin stabilizes in the coming weeks.

The strong performance of HYPE is underpinned by solid fundamentals, as its parent decentralized exchange, Hyperliquid, reportedly generated over $80 million in fees last month, making it the third highest among protocols, following Tether and Circle Internet.

Looking ahead, market analysts express optimism for potential stabilization in July. Historical data shows that bitcoin has ended July positively ten out of the last 15 years, with an average gain of 19%. However, caution is advised, as past performance does not guarantee future results; substantial inflows into spot ETFs may be necessary to boost bitcoin prices.

Market Trends

• Bitcoin's significant drop of 20% in June raises concerns of further losses, as the month’s candlestick indicates a strong bearish trend.
• Global equities are showing caution as the quarter opens, influenced by uncertainties over U.S.-Iran negotiations and the yen's decline.
• Gold prices continue to fall following a challenging quarter, driven by interest rate concerns.