Bitcoin ETFs Bleed $1B as Capital Rotates Into HYPE, SOL, XRP

Summary

Bitcoin ETFs saw $1.26 billion in outflows while HYPE ETFs attracted $72 million. Bitwise's Ryan Rasmussen makes a bullish case for Hyperliquid (HYPE) based on tokenomics and ecosystem growth. Calamos' Matt Kaufman expects Bitcoin to recover and promotes protected Bitcoin ETFs. The episode also covers margin trading mechanics and regulatory headlines.

• Spot Bitcoin ETFs posted $1.26B in weekly outflows; Ether ETFs also saw $215M in outflows.
• HYPE ETFs (Bitwise and 21Shares) recorded $72M in inflows; HYPE token rose ~50% in a month.
• Ryan Rasmussen of Bitwise details the bull case for Hyperliquid: 99% fee buyback/burn, growing perps and prediction markets.
• Bitwise stakes HYPE in-house and reinvests 10% of management fees into HYPE to align with the ecosystem.
• Calamos' Matt Kaufman says Bitcoin is likely to return to prior highs and promotes protected Bitcoin ETFs as a safer alternative.
• Margin trading segment with David Schamis explains leverage mechanics and timing risk in crypto.
• SpaceX's S-1 reveals 18,712 BTC on balance sheet; Kevin Warsh becomes Fed Chair.
• Crypto Fear and Greed Index at 34 (fear), indicating cautious market sentiment.