Blab Crypto
June Crypto Fund Flows: Bitcoin ETFs Drain $4.5 B While XRP and Hyperliquid Attract New Capital
In June, U.S. spot Bitcoin ETFs experienced a record net outflow of about $4.5 billion, according to SoSoValue data. At the same time, XRP spot ETFs added $59.46 million and Hyperliquid‑based funds brought in $161 million, marking a sharp shift in institutional allocation.
The month’s outflows from Bitcoin ETFs were the largest on record for the product, while Ethereum ETFs shed an additional $529 million. The combined loss of $5 billion in major crypto‑focused ETFs explains why neither Bitcoin nor Ethereum appeared in the top inflow categories for the month.
XRP’s performance diverged from the broader market. Since its launch in November 2023, XRP spot ETFs have accumulated $1.48 billion in net inflows. The funds have accepted money in every week of the period except two weeks since mid‑March. Even as XRP’s price fell toward $1.03 on June 29, the ETF continued to receive $15.34 million, indicating that investors were adding to long‑term positions rather than reacting to short‑term price swings.
Hyperliquid, a decentralized derivatives platform, crossed $1 billion in cumulative revenue during the year. Nearly all of the protocol’s fee revenue is directed toward automatic HYPE token buybacks, with a second buyback stream scheduled to begin on October 3. The $161 million inflow into Hyperliquid‑based funds in June reflects growing institutional interest in the platform’s fee‑sharing model.
Tokenized stock trading on Solana also saw a surge. On June 24, daily trading volume for tokenized equities reached an all‑time high of $644 million, a figure that helped lift Solana’s price above $82. The increase in on‑chain equity activity is part of a broader trend that saw Solana’s tokenized stock volume reach $4.9 billion in the first half of 2026, up sixfold from the second half of 2025.
The broader crypto market has begun to recover. Total market capitalization is up roughly 4 % today, a modest rebound after a June that saw many major coins hit year‑low levels. The shift in fund flows highlights how institutional investors are reallocating capital away from Bitcoin and Ethereum toward assets that have demonstrated resilience during market downturns.
Regulatory developments are also in play. The CLARITY Act, which would allow U.S. spot Bitcoin ETFs to trade on the New York Stock Exchange, is expected to be voted on in late July or August. Current estimates suggest a 42 % chance of passage.
In summary, June’s fund‑flow data reveal a clear realignment of institutional capital: Bitcoin ETFs suffered the largest outflow, while XRP and Hyperliquid attracted significant inflows. Solana’s tokenized stock activity contributed to a price rebound, and the market as a whole is showing modest gains. Upcoming regulatory actions, such as the CLARITY Act vote, and the continued growth of tokenized equities on Solana, will be key factors to watch in the coming weeks.
The month’s outflows from Bitcoin ETFs were the largest on record for the product, while Ethereum ETFs shed an additional $529 million. The combined loss of $5 billion in major crypto‑focused ETFs explains why neither Bitcoin nor Ethereum appeared in the top inflow categories for the month.
XRP’s performance diverged from the broader market. Since its launch in November 2023, XRP spot ETFs have accumulated $1.48 billion in net inflows. The funds have accepted money in every week of the period except two weeks since mid‑March. Even as XRP’s price fell toward $1.03 on June 29, the ETF continued to receive $15.34 million, indicating that investors were adding to long‑term positions rather than reacting to short‑term price swings.
Hyperliquid, a decentralized derivatives platform, crossed $1 billion in cumulative revenue during the year. Nearly all of the protocol’s fee revenue is directed toward automatic HYPE token buybacks, with a second buyback stream scheduled to begin on October 3. The $161 million inflow into Hyperliquid‑based funds in June reflects growing institutional interest in the platform’s fee‑sharing model.
Tokenized stock trading on Solana also saw a surge. On June 24, daily trading volume for tokenized equities reached an all‑time high of $644 million, a figure that helped lift Solana’s price above $82. The increase in on‑chain equity activity is part of a broader trend that saw Solana’s tokenized stock volume reach $4.9 billion in the first half of 2026, up sixfold from the second half of 2025.
The broader crypto market has begun to recover. Total market capitalization is up roughly 4 % today, a modest rebound after a June that saw many major coins hit year‑low levels. The shift in fund flows highlights how institutional investors are reallocating capital away from Bitcoin and Ethereum toward assets that have demonstrated resilience during market downturns.
Regulatory developments are also in play. The CLARITY Act, which would allow U.S. spot Bitcoin ETFs to trade on the New York Stock Exchange, is expected to be voted on in late July or August. Current estimates suggest a 42 % chance of passage.
In summary, June’s fund‑flow data reveal a clear realignment of institutional capital: Bitcoin ETFs suffered the largest outflow, while XRP and Hyperliquid attracted significant inflows. Solana’s tokenized stock activity contributed to a price rebound, and the market as a whole is showing modest gains. Upcoming regulatory actions, such as the CLARITY Act vote, and the continued growth of tokenized equities on Solana, will be key factors to watch in the coming weeks.
