Two newly launched US exchange-traded funds (ETFs) linked to Hyperliquid's HYPE token have achieved a remarkable milestone, outperforming Bitcoin, Ethereum, and Solana ETFs in their debut. Within just 10 days of trading, the spot HYPE ETFs absorbed 1.04% of HYPE's market cap, marking the strongest debut for any spot crypto ETF to date, according to Kairos Research. In comparison, spot Bitcoin ETFs reached 0.59%, Ethereum 0.41%, and Solana 0.31%.
The ETFs, 21Shares' THYP and Bitwise Asset Management's BHYP, have collectively attracted over $95 million in net inflows since their launch. THYP, which debuted on Nasdaq on May 12, has garnered $44 million, while BHYP, launched on May 14, has recorded $55 million in net inflows. Notably, these funds have experienced nine consecutive days of inflows without any outflows, contrasting with Bitcoin and Ethereum ETFs, which saw a $370 million outflow on Tuesday.
The strong inflows into HYPE ETFs have coincided with a significant rise in the HYPE token's price, which has surged nearly 50% this month, trading around $62.31. A notable trade involved a trader who turned a $5 million investment in HYPE into $7.51 million, realizing a $2.51 million profit in just 46 days.
HYPE ETFs Outshine Bitcoin and Ethereum in Record Debut
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