HYPE ETFs See Strong Early Demand, Outpacing Bitcoin on Key Metric

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Spot ETFs tied to Hyperliquid are showing strong early momentum, according to crypto analyst Aletheia. In their first six trading days, HYPE ETFs recorded higher market-cap-adjusted inflows than spot Bitcoin ETFs on three days and outperformed Ethereum ETFs on five days. The data suggests investor demand for HYPE is growing quickly despite its smaller size. Analysts also noted the ETFs bought 2.5 times more HYPE than the project’s Assistance Fund removed through token burns, adding fresh buying pressure to the market.