HYPE spot ETFs recorded a total net outflow of $1.58 million on September 23, driven entirely by withdrawals from the Bitwise Hyperliquid ETF (BHYP). Despite the daily outflow, BHYP maintains cumulative net inflows of $144 million since inception. Total net assets across HYPE spot ETFs currently stand at $505 million, with historical cumulative net inflows reaching $334 million. The HYPE net asset ratio is reported at 2.45%.