HYPE funds attract millions as investors dump bitcoin and ether ETFs
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Compiled by KHAO Editorial
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◎ Multiple-sources
Crypto fund flows are starting to fracture, with investors exiting bitcoin BTC $ 77,320.88 and ether (ETH) exchange-traded funds (ETFs) while rotating into alternative tokens such as Hyperliquid’s hype (HYPE) and XRP (XRP).
Key facts
The token has been on a tear, jumping from $38 to $63 in the past 10 days, CoinDesk data show
Bitcoin ETFs saw more than $1 billion in outflows last week, extending a sharp institutional pullback, while ether funds lost another $215 million, according to data source SoSoValue
Hyperliquid fundamental metrics continue to strengthen across the board as HIP-3 markets reached new weekly highs at 2.6B in open interest across RWA perp markets
Decentralized platform Hyperliquid has generated $13.2 million in fees over the past seven days, the fifth-largest tally, trailing stablecoin behemoths such as Tether and Circle Internet (CRCL)
Summary
Investors yanked over $1 billion from bitcoin ETFs last week and over $215 million from ether funds, signaling waning appetite for broad large-cap crypto exposure. Instead, the capital is rotating into select altcoins, with new HYPE spot products drawing about $72 million and XRP and SOL ETFs attracting $22 million and $15.6 million, respectively. Hyperliquid’s HYPE token has surged 59% this month amid rising fees and increasing trading volumes in RWA-linked markets on the platform. Bitcoin ETFs saw more than $1 billion in outflows last week, extending a sharp institutional pullback, while ether funds lost another $215 million, according to data source SoSoValue.