Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs shed over $1.4 billion last week as capital rotated into altcoin ETF products chasing newer narratives.

Bitcoin ETFs Lost $1.26B, Total Assets Dipped Below $100B

Spot Bitcoin ETFs posted $1.26 billion in net outflows last week, bringing the two-week total to more than $2.2 billion. 

Total assets dipped below $100 billion as Bitcoin trades around $78,000. Meanwhile, Ethereum ETFs saw $215 million exit over the same period, marking two consecutive weeks of outflows for the second-largest cryptocurrency.

The rotation into alternative assets was sharp. Hyperliquid (CRYPTO: HYPE) ETFs pulled in $72 million, Solana (CRYPTO: SOL) ETFs attracted $22 million, and XRP (CRYPTO: XRP) ETFs added $15.6 million.

“Capital is rotating toward newer narratives and away from crowded large-cap exposure,” said Timothy Peterson of BN Research. “Investors are reaching for higher beta and fresher stories,” he added

HYPE Up 50% In One Month As Bitwise Holds 10% Of Fees In Token

HYPE has surged nearly 50% over the past month and recently hit a new all-time high.

Bitwise differentiates its HYPE ETF by staking assets in-house to maximize yield and directing 10% of management fees toward purchasing HYPE on its own balance sheet—a direct show of long-term conviction from the issuer.

Beyond that, 99% of fees generated on the Hyperliquid platform go toward buying and burning HYPE tokens, a buyback mechanism traditional investors immediately understand.

Bitwise Head of Research Ryan Rasmussen described Hyperliquid as “one of the great breakthrough technology crypto apps of this cycle,” pointing to perpetual futures, spot trading, prediction markets, and a recent Coinbase (NASDAQ:COIN) partnership boosting USDC liquidity on the platform. 

Moreover, Arthur Hayes carries a $150 price target on HYPE.

New Fed Chair Kevin Warsh Starts First Full Week—Rate Cut Odds Near Zero

Kevin Warsh was sworn in as Federal Reserve Chair on Friday, becoming the most crypto-fluent person ever to hold the role after calling Bitcoin a sustainable store of value.

Markets price virtually zero chance of a rate cut at his first FOMC meeting June 16 to 17.

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