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HYPE ETFs Capture Significant Market Share in Initial Trading Days
Spot HYPE ETFs absorb 1% of market cap in first 10 trading days: Kairos
Cointelegraph
Image: Cointelegraph
HYPE ETFs have garnered substantial attention, recording $68.02 million in net inflows during the week ending May 22, making them the largest altcoin-linked ETF category. In contrast, Bitcoin and Ether ETFs faced significant outflows, totaling $2.26 billion and $471.1 million respectively over the same period.
- 01HYPE ETFs achieved $6.89 million in net inflows during their initial launch week from May 12 to May 15.
- 02By the week ending May 22, net inflows for HYPE ETFs surged to $68.02 million, positioning them as the top altcoin-linked ETF category.
- 03In stark contrast, Spot Bitcoin ETFs experienced $2.26 billion in total outflows over the two-week period ending May 22.
- 04Spot Ether ETFs also faced outflows, totaling $471.1 million during the same timeframe.
- 05Other altcoin-linked ETFs, such as Spot XRP and Solana, recorded positive inflows of $22.04 million and $15.63 million respectively for the week ending May 22.
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According to data from Kairos Research and SoSoValue, HYPE ETFs have made a notable impact in the cryptocurrency market, achieving $6.89 million in net inflows during their initial launch week from May 12 to May 15. This figure escalated to $68.02 million in net inflows by the week ending May 22, making HYPE the largest category for altcoin-linked ETFs during that period. In stark contrast, Spot Bitcoin ETFs suffered significant outflows, with $2.26 billion withdrawn over the same two weeks, while Spot Ether ETFs also experienced a decline, totaling $471.1 million in outflows. Other altcoin-linked ETFs, such as Spot XRP and Solana, reported positive inflows but fell short of HYPE's figures, with $22.04 million and $15.63 million respectively for the week ending May 22. This trend indicates a shifting interest within the crypto ETF market, with investors gravitating towards altcoin-linked options despite the downturn in Bitcoin and Ether ETFs.
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