XRP and Hyperliquid’s HYPE have emerged as notable bright spots amid record outflows from US spot crypto exchange-traded funds (ETFs).
XRP-linked ETFs added $59.4 million in June, a third straight month of net inflows, albeit at a slower pace than in the previous two months, according to SoSoValue data. HYPE funds saw $161 million in net inflows during the month.
In contrast, bitcoin ETFs suffered record outflows of more than $4 billion, ether (ETH) ETFs saw $528.99 million in outflows and solana (SOL) ETFs shed $786,000.
The positive flows into both XRP and HYPE funds signal the potential for significant spot price upside, especially if bitcoin and the broader market stabilize.
HYPE also has basic level support. Its parent company, the decentralized exchange Hyperliquid, generated just over $80 million in fees over the past 30 days, according to DefiLlama. This places it third among all protocols and behind only stablecoin giants Tether ($486.9 million) and Circle Internet ($184.07 million).
Speaking of the potential for market stability, July offers hope. According to Alex Kuptsikevich, chief market analyst at FxPro, July tends to be a positive month for the largest cryptocurrency.
