Crypto ETFs Split as Ether, HYPE and Solana Gain While Bitcoin Loses $295 Million

Crypto ETF flows remained uneven on Wednesday, July 1, as bitcoin funds posted a $294.62 million outflow, extending their redemption streak to 10 trading days. Ether, HYPE and solana ETFs drew fresh inflows, while XRP products slipped into the red.

Key Takeaways:

• • Bitcoin ETFs lost $294.62M, with Blackrock’s IBIT extending a 10-day outflow streak.
• • Blackrock’s ETHA helped Ether ETFs add $14.89M, as HYPE and Solana also gained.
• • Cryptoquant says 100,000+ BTC left ETF reserves in 2026, keeping sentiment cautious.

Ether ETFs Add $14.9 Million as Bitcoin Funds Extend 10 Straight Days of Outflows

The new month opened with no clean reset for crypto exchange-traded funds (ETFs).

Bitcoin remained the pressure point, weighed down by another large exit from Blackrock’s IBIT. Yet the rest of the market was less one-sided. Ether flipped positive, HYPE regained inflows, and solana ended the day modestly green.

Bitcoin ETFs Stay Under Pressure

Bitcoin ETFs recorded $294.62 million in net outflows, marking a 10th straight day of redemptions. The day was mixed beneath the surface, but the outflows were too large to overcome.

Blackrock’s IBIT again led the exits with $219.39 million leaving the fund. Grayscale’s GBTC lost $62.79 million, Fidelity’s FBTC saw a $51.02 million departure, and Ark & 21Shares’ ARKB posted a $39.30 million outflow.

There were meaningful inflows elsewhere. Grayscale’s Bitcoin Mini Trust added $36.33 million, while Morgan Stanley’s MSBT brought in $29.81 million. Invesco’s BTCO gained $5.37 million, Franklin’s EZBC added $3.48 million, Vaneck’s HODL drew $2.13 million, and Hashdex’s DEFI added $1.36 million.

Total bitcoin ETF value traded was $2.40 billion, while total net assets closed at $72.46 billion.

Cryptoquant’s Julio Monero said U.S.-based bitcoin ETF holdings are now lower than they were on the same day last year, adding that overall bitcoin demand continues to contract. Darkfost, a verified Cryptoquant author, added that more than 100,000 BTC have left ETF provider reserves in 2026, and more than 160,000 BTC have been sold since the October 2025 peak in ETF-held bitcoin.

Source: Cryptoquant

Ether Rebounds as Altcoin Flows Split

Ether ETFs broke with the bitcoin trend, recording $14.89 million in net inflows. Blackrock’s ETHA carried the day, adding $36.64 million.

That was enough to absorb outflows of $18.46 million from Grayscale’s Ether Mini Trust, $1.67 million from Blackrock’s ETHB, and $1.61 million from Fidelity’s FETH. Total ether ETF value traded reached $500.33 million, with net assets closing at $8.56 billion.

Ether ETFs end 9-day outflow streak with $14.89 million inflow. Source: Sosovalue HYPE ETFs returned to inflows, adding $2.85 million, primarily through Bitwise’s BHYP. Total value traded was $13.26 million, while net assets closed at $318.81 million.

XRP ETFs recorded a $1.86 million net outflow. Franklin’s XRPZ added $2.88 million, but Bitwise’s XRP product lost $4.75 million. Total value traded was $14.05 million, and net assets closed at $960.61 million.

Solana ETFs added $521,070, with Bitwise’s BSOL drawing $3.99 million and Grayscale’s GSOL losing $3.47 million. Total value traded was $68.06 million, while net assets closed at $891.24 million.

Wednesday’s flows showed a market still led by bitcoin weakness, but not defined by it entirely. Ether and select altcoin funds found buyers, even as bitcoin ETF redemptions continued to dominate the broader narrative.