Live markets: Bitcoin ETFs bled cash Monday while every other crypto ETF gained

live Updated just now Live markets: Bitcoin ETFs bled cash Monday while every other crypto ETF gained Ether, XRP, Solana and Hyperliquid funds all took in money, but bitcoin's outflow was really just Grayscale's GBTC. By Shaurya Malwa Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email just now · 5:41 AM Shaurya Malwa Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email Ether, XRP, Solana and Hyperliquid funds all took in money, but bitcoin's outflow was really just Grayscale's GBTC US spot bitcoin ETFs lost a net $64 million on Monday, even as spot ETFs for ether, XRP, Solana and Hyperliquid all pulled in fresh cash. On the surface, that looks like a clean rotation out of bitcoin and into everything else. Ether funds gained $22.5 million, Hyperliquid funds $17.2 million, and the XRP and Solana funds about $2.8 million each. That tracks Monday's price action, where the alts ran well ahead of bitcoin, with XRP up about 7%, Solana 6% and Hyperliquid 11% on the day. The flows followed the tape. [@portabletext/react] Unknown block type "image", specify a component for it in the `components.types` prop It is worth keeping the scale in mind. Bitcoin ETFs still hold about $83 billion in assets, against roughly $10 billion for ether and around $1 billion each for the XRP, Solana and Hyperliquid products. The bitcoin number needs a second look. The outflow was not broad, as BlackRock's IBIT, the largest fund, actually took in $66 million. The net loss came almost entirely from Grayscale's GBTC, the high-fee legacy trust that has been shedding assets since these funds launched, which lost $124 million on the day. Strip out GBTC and bitcoin ETFs had an ordinary session [@portabletext/react] Unknown block type "image", specify a component for it in the `components.types` prop The real question is durability. If the altcoin ETFs keep drawing inflows once GBTC's drag fades, the rotation is real. If not, Monday was a blip dressed up as a trend. Latest Crypto News 1 XRP gives back gains after 10% rally as traders take profit near $1.25 25 minutes ago 2 Profit-taking across bitcoin, ether, solana as traders wait on the Iran signing 53 minutes ago 3 Bitcoin rises after Bank of Japan hikes interest rates to a 31-year high 1 hour ago 4 Hyperliquid loses Anthropic, OpenAI markets as creator shuts down project 11 hours ago 5 If America wants to lead in crypto, it must protect the people who build it 15 hours ago 6 ‘Crypto spring’ is here, says one analyst after bitcoin's key signals turn bullish 15 hours ago 7 Kraken debuts U.S. perpetual futures as crypto derivatives move onshore 15 hours ago 8 Coinbase's Brian Armstrong says bitcoin may have bottomed at $60,000 16 hours ago 9 XRP rockets 8% above $1.20 in first major breakout since June selloff 16 hours ago 10 CoinDesk 20 performance update: Bittensor (TAO) surges 31.9%, leading index higher 16 hours ago Latest Research CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. By CoinDesk Research 17 hours ago In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. Why it matters : In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. View Full Report More From Tech Live markets: Bitcoin gives back some gains as SpaceX's post-IPO rally extends to 40% Aerodrome is turning liquidity into a prediction market with its biggest upgrade yet Crypto’s next billion-dollar hacker may move at superhuman speed