Spot HYPE ETFs lose $26.4 million in a week
- —Net outflow from HYPE ETFs for the week — $26.42 million
- —Bitwise BHYP: outflow of $20.13 million, total attracted $146 million
- —21Shares THYP: outflow of $6.29 million, total attracted $50.29 million
- —Assets under management of HYPE ETFs — $430 million (2.4% of market cap)
Why it matters: The outflow from HYPE ETFs signals weakening institutional demand for the token after its recent rally.
Source: PANews