HYPE spot ETFs see $7.96M outflow on Nov 6, led by Bitwise BHYP fund's $7.05M withdrawal.
On November 6, HYPE spot exchange-traded funds experienced a net outflow of $7.96 million, with Bitwise's BHYP fund accounting for the largest portion at $7.05 million. Despite this outflow, BHYP's cumulative net inflows remain strong at $114 million. Another fund, 21Shares Hyperliquid ETF (THYP), saw a smaller outflow of $907,000, with cumulative inflows totaling $27.41 million. Overall, HYPE spot ETFs have cumulative net inflows of $287 million and total net assets of $374 million, with a net-asset ratio of 2.00%. This outflow follows a trend of weekly net outflows observed in late October, indicating some investor caution or profit-taking in this sector.
On November 6, HYPE spot exchange-traded funds experienced a net outflow of $7.96 million, with Bitwise's BHYP fund accounting for the largest portion at $7.05 million. Despite this outflow, BHYP's cumulative net inflows remain strong at $114 million. Another fund, 21Shares Hyperliquid ETF (THYP), saw a smaller outflow of $907,000, with cumulative inflows totaling $27.41 million. Overall, HYPE spot ETFs have cumulative net inflows of $287 million and total net assets of $374 million, with a net-asset ratio of 2.00%. This outflow follows a trend of weekly net outflows observed in late October, indicating some investor caution or profit-taking in this sector.
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