Markets· ★★★· bearish·

Spot HYPE ETFs post $17.57M weekly net outflow

  • —HYPE ETFs saw $17.57M in net outflows for the week of Oct. 12–16
  • —21Shares THYP lost $8.51M; Bitwise BHYP shed $6.47M
  • —ETF net assets total $410M, equal to 2.31% of HYPE's market cap
  • —Cumulative inflows since launch stand at $319M
Why it matters: The weekly outflow points to cooling institutional demand for HYPE after the strong inflows seen at launch.
#HYPE
Source: PANews
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