Hyperliquid ETFs Outperform Major Crypto Assets in Initial Trading Days
- Hyperliquid ETFs saw higher inflows than Bitcoin on three out of the first six trading days.
- The ETFs recorded greater inflows than Ethereum on five out of the six days.
- Solana posted higher market-cap-adjusted flows than Hyperliquid on four of the first six trading days.
- On Tuesday, Hyperliquid spot ETFs had stronger inflows than any peers, indicating a potential short-term demand spike.
- In the initial six trading days, Hyperliquid ETFs purchased HYPE tokens at a rate of 2.5 times more than what the Assistance Fund bought and burned.
- CoinGecko data shows HYPE trading at $51.88, up by over a third this week and nearing its peak price of $59 from last year’s bull run.
The strong performance of Hyperliquid ETFs against major crypto assets like Bitcoin and Ethereum suggests significant early interest in these products, potentially impacting market dynamics if sustained. The notable buying pressure from these ETFs has also driven HYPE token prices close to their historical highs.
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