HYPE funds attract millions as investors dump bitcoin and ether ETFs
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- Bitcoin ETFs saw over $1 billion in outflows last week, per SoSoValue.
- Ether funds lost $215 million in the same period.
- HYPE spot products (Bitwise & 21Shares) attracted $72.38 million in new capital.
- XRP ETFs recorded $22 million in inflows; SOL ETFs added $15.6 million.
- HYPE token jumped 59% this month, climbing from $38 to $63 in ten days.
Why it matters: ETF managers lose $1.215B in assets under management, while HYPE, XRP and SOL fund sponsors collectively gain $110M, shifting capital toward niche altcoins and boosting Hyperliquid’s fee revenue.
