Institutional investors pulled capital from altcoin exchange-traded funds during the latest reporting period, with Zcash (ZEC) products leading the outflows at $11 million in net withdrawals. The move extends a cautious tone across altcoin investment vehicles, as Solana (SOL), Avalanche (AVAX), and Hyperliquid (HYPE) funds also recorded net redemptions.
Despite the broader institutional selling, Hedera (HBAR) bucked the trend and attracted inflows, suggesting that investors are becoming more selective rather than abandoning altcoin ETFs entirely. The flow data highlights a divergence within the altcoin ETF complex, with most major altcoin funds facing withdrawals while Hedera gained capital.