Bitcoin ETF products pulled in $79.15 million on July 16, extending their inflow streak to three consecutive days, while Ether ETF funds lost $28.04 million in outflows the same day. The divergence comes as XRP and Solana ETFs also attracted fresh capital, and T. Rowe Price launched a multi-token fund with an unusually large allocation to the HYPE token.
Bitcoin keeps rolling
The $79 million inflow into Bitcoin ETFs marks the third straight day of net positive flows. That's a modest but steady sign of demand, especially after a shaky start to the month. The move suggests institutional buyers are still willing to add exposure at current prices, even as the broader market remains choppy.
Ether funds take a hit
Ether ETFs, by contrast, shed $28 million on the same day. That's a reversal from the previous session's inflow. The outflows are notable given that Ether's price has been trading in a relatively tight range this week. It's not clear whether the selling is tactical or a broader shift in sentiment, but the numbers are unambiguous: money moved out of Ether and into Bitcoin, XRP, and Solana.
XRP and Solana join the party
XRP and Solana ETFs also attracted fresh capital on July 16, though the facts don't specify exact figures. The fact that both drew inflows on a day when Ether was bleeding suggests investors are rotating into alternative assets beyond the two largest cryptocurrencies. The flows into XRP and Solana were modest, but they're a sign of broadening interest in multi-asset exposure.
T. Rowe Price goes heavy on HYPE
T. Rowe Price, the global asset manager with over $1 trillion in assets under management, launched a multi-token fund this week. The fund's allocation is unusual: it holds a significant position in HYPE, a token that's still relatively obscure compared to the majors. The move signals that at least one major traditional firm is willing to bet on newer, higher-risk tokens. The fund's specific breakdown wasn't disclosed, but the HYPE allocation is described as “unusually large.”
The timing is interesting. HYPE has been volatile, and the token's market cap is a fraction of Bitcoin's or Ether's. But T. Rowe Price's decision to include it in a multi-token fund could give the project a credibility boost — and it might prompt other asset managers to take a closer look.
