New Hyperliquid spot ETFs surpassed Bitcoin and Ethereum ETFs in market-cap-adjusted inflows on most of their first six trading days.
Hyperliquid spot ETFs recorded higher market-cap-adjusted inflows than Bitcoin spot ETFs on three of their first six trading days and outperformed Ethereum spot ETFs on five of those days. The data, covering the ETFs’ initial trading period, highlights strong early demand relative to established crypto ETFs.
Solana spot ETFs, however, saw higher adjusted inflows than Hyperliquid on four of the six days. On the sixth trading day, Hyperliquid ETFs (HYPE) posted significantly larger inflows than peers, with purchases totaling 2.5 times the amount bought and burned by the Assistance Fund during the same period.
The inflows suggest ETF-driven buying pressure is contributing to market dynamics for Hyperliquid, contrasting with other crypto assets where ETF demand has been more variable.