XRP and HYPE ETFs Draw Inflows While Bitcoin and Ether Funds Bleed

XRP-linked and Hyperliquid HYPE exchange-traded funds recorded positive net inflows in June 2026, standing out against a backdrop of record outflows across major U.S. spot crypto ETF products, according to data from SoSoValue.

HYPE funds led the two with $161 million in net inflows for the month. XRP ETFs attracted $59.4 million, marking a third consecutive month of positive flows, though the pace slowed compared to the prior two months.

By contrast, bitcoin ETFs posted record outflows exceeding $4 billion in June. Ether ETFs saw $528.99 million leave, while solana ETFs recorded a net outflow of $786,000. The divergence highlights a shift in investor preference toward newer or alternative crypto fund products.

Analysts note that continued positive flows into XRP and HYPE products could support meaningful spot price gains, provided bitcoin and the broader digital-asset market find a floor.

Hyperliquid, the decentralized exchange behind the HYPE token, generated just over $80 million in fees over the trailing 30-day period, according to DefiLlama. That figure places the protocol third across all DeFi platforms globally, trailing only stablecoin issuers Tether, which recorded $486.9 million in fees, and Circle Internet at $184.07 million.

On the broader market outlook, Alex Kuptsikevich, chief market analyst at FxPro, pointed to historically favorable seasonality for bitcoin in July. 'Over the past 15 years, bitcoin has ended the month higher on ten occasions and lower on five. The average gain was 19%, while the average decline was 7.8%,' Kuptsikevich said in emailed commentary. He cautioned, however, that seasonal patterns alone may be insufficient without a resumption of strong inflows into spot bitcoin ETFs.

Bitcoin's June performance was notably weak on a technical basis. The monthly candlestick formed a solid red body with virtually no wicks, a pattern analysts interpret as evidence of sustained bear pressure throughout the period with limited buying interest at any point during the month.

Elsewhere in markets, the SPDR Gold Shares ETF — the world's largest gold fund — is forming a death cross, with its 50-day moving average crossing below the 200-day moving average. The pattern is generally regarded as a bearish long-term signal. BlackRock's bitcoin ETF, known by the ticker IBIT, entered a similar death cross in December and has since declined approximately 35%.

Global equities opened the new quarter cautiously on July 1, with yields rising and the Japanese yen touching a 40-year low. Gold futures fell 1.24% to $3,989.00, extending a run that closed the worst quarter for the metal in 13 years.

In a separate development, President Donald Trump was reported to have earned more than $1 billion from crypto-related sales and royalties during his time in the White House, a period during which his administration pursued broadly pro-crypto regulatory policies, according to CoinDesk reporting.