Bitcoin and Ethereum exchange-traded funds posted $112 million in combined outflows on Monday, while two Hyperliquid ETFs extended their winning streak to eight consecutive days of net buying.
The divergence highlights a growing split in institutional appetite: legacy crypto funds are bleeding capital amid macro uncertainty, while newer products tied to Hyperliquid’s high-growth infrastructure thesis continue to attract demand
Bitcoin ETFs led the losses with $105.2 million in outflows, while Ethereum ETFs shed $6.7 million, according to SoSoValue data. The moves come as digital asset investment products recorded $1.47 billion in outflows last week, making it the third-largest weekly total of 2026, according to CoinShares. Bitcoin ETFs alone saw $1.315 billion in outflows, the largest weekly outflow of the year, while Ethereum funds recorded $223 million in outflows.
CoinShares attributed the risk-off sentiment to ongoing geopolitical tensions related to the Iran conflict, with outflows extending beyond the U.S. to Switzerland, Canada, and Hong Kong. Meanwhile, the two Hyperliquid ETFs have posted net buying for eight straight days, adding $10.95 million on Monday. The streak began on May 13 with a $1.17 million net addition and has included daily flows ranging from $4.4 million to $25.5 million, led by a $25.5 million print on May 20.