Buzzberg Cup Live

Bitcoin ETFs Are Bleeding, But These 3 Altcoins Are Still Pulling In Cash w/ James Seyffart

Watch on YouTube ↗  |  July 02, 2026 at 18:45  |  36:14  |  Milk Road Macro
Speakers
James Seyffart — ETF Analyst, Bloomberg Intelligence

Summary

Bloomberg Intelligence ETF analyst James Seyffart discusses crypto ETF flows: Bitcoin and Ethereum ETFs face accelerating outflows and struggle, while Solana, XRP, and Hyperliquid ETFs defy the trend with resilient inflows. He also covers covered call products, the ‘spaghetti cannon’ of new ETF launches, prediction market ETFs, and SEC regulation. The outlook is bearish for BTC/ETH ETFs in the near term but selectively bullish on newer altcoin ETFs.

  • Bitcoin ETF net outflows exceed $11B from peak and are accelerating, with no bottom signal.
  • Ethereum ETFs lost a third of their inflows despite staking yields, underperforming Bitcoin ETFs.
  • Solana, XRP, and Hyperliquid ETFs continue to attract capital and show resilience during the selloff.
  • Covered call Bitcoin ETFs launch, meeting adviser demand for less volatile exposure.
  • Issuers aggressively launch new ETFs across crypto and equity, testing regulatory boundaries.
  • SEC seeks comment on prediction market ETFs, which could be a huge hit if approved.
  • The market awaits catalysts like crypto clarity legislation to break the bearish trend.
Ideas
James Seyffart ETF Analyst, Bloomberg Intelligence 5:23
Bitcoin ETF outflows accelerating.
Bitcoin ETF outflows are accelerating, now over $11 billion from the peak, with no signs of slowing down; heavy selling is driven by profit-taking, basis trade unwind, concerns around Strategy (MSTR) unwinding, and capital rotating into AI and space stocks. The speaker views this as a bearish signal for Bitcoin in the near term.
BTC HIGH
James Seyffart ETF Analyst, Bloomberg Intelligence 10:04
Solana, XRP, HYPE ETFs resilient with inflows.
Solana, XRP, and Hyperliquid ETFs have been bright spots, attracting inflows and holding up well during the broader crypto selloff. SOL and XRP ETFs hold over $1.6 billion each with no meaningful outflows, while HYPE ETFs took in $200 million in a brutal market. The sturdy holder base consists of informed investors accumulating near the bottom, suggesting resilience and potential upside.
SOL HYPE XRP MED
James Seyffart ETF Analyst, Bloomberg Intelligence 12:09
Ethereum ETF outflows worsening despite staking.
Ethereum ETFs are struggling worse than Bitcoin ETFs, having lost about a third of their inflows since inception even after the launch of staking products. The underlying asset suffers from narrative concerns and stronger competition, making Ethereum a relative underperformer with no sign of relief.
ETH HIGH
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This Milk Road Macro video, published July 02, 2026, features James Seyffart discussing BTC, SOL, HYPE, XRP, ETH. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: James Seyffart  · Tickers: BTC, SOL, HYPE, XRP, ETH