Grayscale's GBTC drove bitcoin fund outflows as Ether, XRP, Solana and Hyperliquid drew inflows

Bitcoin funds saw $64 million in outflows concentrated in Grayscale's GBTC, while Ether, Solana, XRP and Hyperliquid products collectively attracted fresh inflows, pointing to diversification rather than broad crypto fund selling.

BTC
ETH
SOL

Summary

Bitcoin investment funds recorded $64 million in outflows, with the weakness attributed to Grayscale's GBTC, while products tied to Ether, Solana, XRP and Hyperliquid posted inflows. The pattern suggests product-specific pressure in bitcoin exposure and a rotation of crypto investment flows into major alternative assets rather than a broad retreat from digital-asset funds.

Terms & Concepts
  • GBTC: Grayscale's bitcoin investment product.
  • Bitcoin ETFs: Exchange-traded funds that track Bitcoin.
  • altcoins: Cryptocurrencies other than Bitcoin.