Crypto ETF Flows Signal Selective Institutional Positioning as Hyperliquid Leads
Institutional investors are increasingly moving beyond Bitcoin and Ethereum, with the latest four-day ETF data revealing growing demand for alternative digital assets.
Summary:
- Bitcoin ETFs lost more than $1.4 billion from May 26–29.
- Hyperliquid ETFs attracted $34.9 million despite being newly launched.
- XRP and Solana ETFs remained net positive, signaling broadening institutional appetite.
While Bitcoin funds continued to suffer heavy redemptions, newer products tied to Hyperliquid, XRP and Solana attracted fresh capital, highlighting a shift in how professional investors are positioning across the crypto market.
According to data from FarSide Investors Bitcoin ETFs remained the weakest segment of the market. Between May 26 and May 29, the sector recorded approximately $1.42 billion in cumulative net outflows, including a massive $733 million withdrawal on May 27. BlackRock’s IBIT, Fidelity’s FBTC and several other flagship products all experienced persistent redemptions, reflecting investor caution despite Bitcoin stabilizing above $73,000.
Ethereum ETFs also struggled during the same period. Funds tracking Ether posted roughly $241 million in net outflows from May 26–29, extending a broader trend of investor withdrawals. Although several issuers recorded modest inflows on May 29, they were insufficient to offset heavy selling earlier in the week.
Hyperliquid Emerges as the Standout Winner
The strongest momentum came from Hyperliquid-linked ETFs.
From May 26 through May 29, the newly launched Bitwise BHYP and 21Shares THYP products accumulated approximately $34.9 million in net inflows. The largest single day occurred on May 26, when investors added more than $20 million, followed by another $9.5 million on May 29.
The inflows coincided with HYPE’s surge to fresh all-time highs and its rise into the top ten cryptocurrencies by market capitalization. Institutional demand has remained remarkably consistent, suggesting investors are increasingly viewing
READ MORE: Grayscale Joins Hyperliquid ETF Race With Staking Strategy
Hyperliquid as one of the most compelling growth stories in the digital asset sector.
XRP and Solana Continue Building Support
According to Glassnode data XRP ETFs also delivered steady accumulation. Between May 26 and May 29, XRP investment products attracted roughly $15.2 million in net inflows, including nearly $12 million on May 29 alone. The strongest demand came from the Bitwise XRP ETF, while products from Franklin Templeton and Canary also contributed to the positive flow trend.
Solana ETFs posted smaller but still positive results. From May 26–29, the category attracted approximately $2.4 million in net inflows, supported primarily by Fidelity’s FSOL fund. Although the numbers remain modest compared with Bitcoin or Ethereum products, the positive trend demonstrates ongoing institutional interest in Solana’s ecosystem.
Institutions Are Expanding Beyond Bitcoin
The combined data suggests institutions are no longer treating crypto as a simple Bitcoin allocation. Instead, investors appear to be targeting specific blockchain ecosystems with stronger growth narratives and higher potential upside.
While Bitcoin and Ethereum ETFs collectively lost more than $1.6 billion over the four-day period, Hyperliquid, XRP and Solana products continued to gather assets. The divergence points to a market increasingly driven by sector-specific themes rather than broad crypto exposure.
For now, ETF flows indicate that institutional capital is becoming more selective. Bitcoin remains the dominant asset class, but recent allocations show growing conviction in alternative networks that offer exposure to decentralized trading, payments infrastructure and next-generation blockchain applications.
The information presented in this article is intended for informational purposes only and should not be interpreted as financial, investment, or trading advice. Coinspress.com does not promote or advocate for any particular investment strategy, asset, or cryptocurrency project. Cryptocurrency markets are highly volatile and unpredictable – always perform your own research and seek guidance from a qualified financial professional before making any investment decisions.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
