Capital Rotates Hard Into HYPE and XRP as Bitcoin and Ether ETFs Bleed Over $1.2 Billion!

Crypto fund flows are fracturing. Bitcoin ETFs shed more than $1 billion in net outflows last week while ether funds lost another $215 million, per SoSoValue data — the sharpest institutional pullback from large-cap crypto exposure in recent memory. But the money isn't leaving the asset class; it's rotating with precision.

Hyperliquid's HYPE token is the clearest beneficiary. Spot products from Bitwise and 21Shares — live for just one week — have already attracted $72.38 million in combined inflows. XRP and SOL ETFs pulled in $22 million and $15.6 million respectively. HYPE itself has surged from $38 to $63 in ten days, a 59% monthly gain that dwarfs bitcoin's 1% move over the same period.

The fundamental story behind the flows is Hyperliquid's expanding footprint.