HYPE Surges 101% This Year as ETF Inflows Outpace Bitcoin's Debut and Token Burns Accelerate
HYPE ETFs launched by 21shares and Bitwise drew over $11 million on Tuesday as bitcoin and ethereum funds lost $393 million, SoSoValue said.
- On Tuesday, HYPE ETFs from Bitwise and 21shares recorded over $11 million in inflows, outpacing XRP and Solana combined, while Bitcoin and Ethereum funds saw $393 million in outflows yesterday, according to SoSoValue.
- The token's outperformance drives investor demand, jumping 5.7% in the last 24 hours and more than 100% year to date, according to CoinMarketCap data.
- Bitwise CIO Matt Hougan argues Hyperliquid functions as a global super-app, noting in a Tuesday memo its addressable universe spans the $600 trillion global asset market, not merely the $3 trillion crypto market.
- Hyperliquid's exchange economics reinforce token demand: approximately 97% of trading fees are funneled into daily buybacks, generating an annualized $618 million according to DefiLlama data.
- Treasury firm Hyperliquid Strategies rallied on news the SEC will soon greenlight trading tokenized versions of stocks, potentially expanding the platform's utility beyond digital assets into traditional markets.
18 Articles
18 Articles
HYPE Surges 101% This Year as ETF Inflows Outpace Bitcoin's Debut and Token Burns Accelerate
HYPE has surged 101% year to date while bitcoin is down 12% over the same period, a divergence that deepened Wednesday when Hyperliquid’s two U.S.-listed spot ETFs recorded a single-day record of $25.5 million in net inflows, according to Farside data. That figure is 17 times the protocol’s daily Assistance Fund burn of roughly $1.4 million and exceeds the first five days of inflows combined ($22.35 million: $1.17M + $1.36M + $4.36M + $4.42M + $…
cryptocrunchapp.com
Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin, Ethereum, XRP In The Red, But One Altcoin Has Surged 15% In 24 Hours
Hyperliquid (CRYPTO: HYPE) surged 15% in the last 24 hours while Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP) traded flat. Hyperliquid ETFs Pull 2.5X More Buying Pressure Than Buybacks The first two Hyperliquid spot ETFs attracted market cap-adjusted inflows exceeding Bitcoin on three of the first six trading days and outpaced Ethereum on five out of six days, according to analyst Aletheia. On the sixth trading day, Hyper…
Hyperliquid price crosses $50 as HYPE ETFs outpace Bitcoin on adjusted inflows
Hyperliquid price crossed $50 as the first spot HYPE exchange-traded funds drew stronger early demand than Bitcoin products on a market-cap-adjusted basis, giving investors a regulated way to express exposure to one of crypto’s fastest-growing trading venues. Data from SoSoValue show the two HYPE funds attracted nearly $50 million of inflows and held about $60 million in assets during their first week of trading. #10 Hyperliquid HYPE $57.07 +1.6…
While Bitcoin runs sideways, Hyperliquid Solana overtakes surprisingly strong ETF inflows in the FDV, and other Altcoins are also surprisingly strong. Source: BTC-ECHO BTC-ECHO
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