Hyperliquid (HYPE) ETF Beats XRP ETF by 30% as Investors Aim for Larger Risk

Surprisingly high institutional demand is being drawn to Hyperliquid, with daily inflows into the United States. Despite the stark disparity in the market capitalizations of the two assets, HYPE ETFs are outperforming XRP products. 

Hyperliquid wins ETF race

The most recent ETF data shows that one-day net inflows for HYPE products were about $24.42 million. During the same time frame, XRP ETFs received $18.47 million. This puts HYPE's daily intake about 32% higher than XRP's, which is an odd outcome given XRP's significantly larger market share. 

When market capitalization is taken into account, the comparison is even more remarkable. HYPE is worth about $18.52 billion, while XRP is worth $89.19 billion. However, compared to XRP's five listed ETF products, HYPE's three attracted more new capital. This may be a sign of increased investor demand for higher-beta exposure in the wake of the wider cryptocurrency rebound. 

The price performance of HYPE is consistent with that interpretation. After reaching about $86, the asset is currently trading at $83.20, continuing a breakout that started at $57 earlier this month. It is still well above its major moving averages and has already decisively moved past earlier highs of around $75.