HYPE ETFs post $26.4 million weekly outflow
- —Weekly outflow from BHYP and THYP totaled $26.4 million
- —BHYP lost $20.1 million, THYP lost $6.3 million
- —Cumulative inflows since launch are about $330 million
- —Assets under management are $430 million (2.4% of HYPE's market cap)
Why it matters: Continued outflows from HYPE ETFs signal waning investor interest in the token amid growing competition in the altcoin ETF segment.
Source: Crypto Briefing