Spot HYPE ETFs absorb 1% of market cap in first 10 trading days: Kairos
Cointelegraph
Kairos Research reports that spot HYPE ETFs captured 1.04% of HYPE's market cap, outpacing Bitcoin, Ether, and Solana ETF debuts in relative demand.Summary
According to Kairos Research, spot Hyperliquid (HYPE) exchange-traded funds absorbed 1.04% of the asset's total market capitalization within their first 10 trading days. This achievement marks the strongest debut for a crypto ETF when measured by market-cap-adjusted demand, surpassing the initial flows seen for Bitcoin, Ether, and Solana ETFs. While absolute dollar inflows for HYPE remain lower than those for major assets, the metric highlights significant investor interest relative to the asset's size. Analysts, including Bloomberg's Eric Balchunas, noted the rapid price performance of the 21Shares Hyperliquid ETF, even as broader spot Bitcoin and Ether ETFs experienced net outflows during the same period.
(Source：Cointelegraph)