Spot HyperLiquid ETF absorbed 1.04%. $HYPEMarket cap in the first 10 trading days was the strongest crypto ETF debut by market cap-adjusted demand metric, according to Kairos Research.
Kairos compared the cumulative net inflows to new spot crypto ETF issuers with the market capitalization of each underlying asset at launch. With this indicator, $HYPE The ETF outperformed the debut of the Spot Bitcoin, Ether, and Solana ETFs, absorbing 0.59%, 0.41%, and 0.31% of their respective market caps.
Bloomberg ETF analyst Eric Balchunas said the 21Shares Hyperliquid ETF (THYP) is up 50% since its launch two weeks ago. Balchunas said it took Round Hill’s DRAM ETF five weeks to rise 50%, compared to BlackRock’s spot Bitcoin ETF IBIT, which took two months.
This data adds another measure of early demand for US-based hyperliquid-related funds. $HYPE Bitwise and 21Shares ETFs have seen increased trading activity after slow launches.
It’s not meant to compare $HYPE The ETF raised more money in absolute terms than the Bitcoin and Ether ETFs. The Kairos index removes GBTC and ETHE outflows, excludes traditional trust redemptions, and focuses on new issuer demand relative to each asset’s market size.
Determines crypto ETF inflows as a percentage of market capitalization. Source: Kairos Research
$HYPE Spot Bitcoin outflows exceed $2 billion, leading altcoin ETF inflows
SoSoValue data shows that $HYPE The ETF recorded net inflows of $6.89 million in the partial opening week from May 12 to May 15, which subsequently increased to net inflows of $68.02 million in the week ending May 22. $HYPE Largest altcoin-linked ETF inflow category among assets represented across past trading weeks.
The Spot Bitcoin ETF and Ether ETF moved in opposite directions during the same period. Spot BTC ETFs recorded net outflows of $1 billion in the week ending May 15 and $1.26 billion in the week ending May 22, bringing the two-week period to $2.26 billion in outflows. According to SoSoValue, Spot Ether ETF sales during the same period were $255.11 million and $215.99 million.
Meanwhile, spot ETFs linked to other altcoins also posted positive flows, although they underperformed. $HYPE In the last entire trading week. Spot XRP ETF recorded $22.04 million and Solana recorded $15.63 million for the week ending May 22nd.
