Bitcoin ETFs Record $226.8M Outflows for Sixth Straight Week, GBTC Leads; HYPE Adds $27.9M

Bitcoin spot ETFs posted net outflows of $226.8 million this week, extending their losing streak to six consecutive weeks, according to Galaxy Research data. Grayscale's GBTC was the largest contributor to the decline, losing $156.3 million, followed by Ark & 21Shares' ARKB with $50.1 million and Blackrock's IBIT with $44.7 million. Galaxy Research flagged a record $6.35 billion in 30-day bitcoin ETF outflows across all tracked windows.

Meanwhile, investors rotated capital to altcoin products. HYPE ETFs attracted $27.9 million in inflows for the week, while XRP and Solana ETFs gained $10.7 million and $7.1 million respectively.