Analysis: Diverging Demand for Crypto ETF Exposure – BTC Cools Off Significantly, HYPE Records Inflows

Odaily News – US spot Bitcoin ETFs have recorded net outflows for nine consecutive trading days, totaling approximately $2.84 billion. This marks the longest losing streak since the product's launch in 2024, surpassing the previous record set on February 8, 2025. BlackRock's IBIT was the primary source of the outflows.

Analysts point out that this round of capital outflows reflects a significant cooling in institutional demand for Bitcoin ETF exposure. Meanwhile, the market is showing a divergent trend: Hyperliquid-related ETFs and some XRP spot ETFs are still recording inflows. In contrast, Ethereum spot ETFs have also faced outflows for 13 consecutive days, totaling approximately $694 million, suggesting a reallocation of funds within crypto asset ETFs. (Cointelegraph)