Wall Street Money is Flowing into Ethereum ETFs and Out of Hyperliquid

Ethereum (ETH) exchange-traded funds pulled in $103.9 million in the week ending July 24, the most of any spot crypto ETF and a third straight positive week for the product.

Other major spot crypto ETFs drew fresh cash over the same five trading days. The inflows were broad but mostly small, and Ethereum outpaced every rival by a wide margin.

Ethereum ETFs Hold a Steady Recovery

According to SoSoValue data, Ethereum ETFs recorded weekly inflows of $84 million, $105 million, and $103.9 million across the past three weeks. The pace stayed firm rather than fading. Bitcoin ETFs, by contrast, saw their streak shrink from $197 million to $75.6 million to $33.79 million.

The shrinking figure came as the funds logged two negative daily prints, losing $225 million on July 23 and $240 million on July 24. Weekly trading volume fell to about $8 billion, the lowest since mid-April 2025.

Ethereum showed a similar late-week dip, with a $70.6 million outflow on July 24. However, the weekly total stayed positive and led the group.

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HYPE Breaks From the Pack

Smaller altcoin funds each posted their own gains. XRP (XRP) led the group with $8 million in inflows, its largest in three weeks. Solana (SOL) drew $7 million, a nine-week high. 

Chainlink (LINK) took in $3 million, its best week since June. Dogecoin (DOGE) added a fractional sum, its first inflow in five weeks.

Hyperliquid (HYPE) ETFs stood alone. The funds shed $8.6 million, a second straight weekly outflow, and assets fell about 18% from a July 10 peak. Weekly volume dropped to roughly $62.7 million, the lowest since the May launch.

The pattern points to steady demand for Ethereum and caution toward the newest product on the market. The coming weeks will show whether Ethereum’s lead widens or Bitcoin regains its footing.

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