Hyperliquid HYPE ETFs Return to Inflows as Crypto Funds Attract $1.1 Billion

Hyperliquid (HYPE) spot ETFs returned to positive territory in the week ending August 7, recording $2.84 million in net inflows and snapping a three-week streak of investor withdrawals.

The latest recovery brings cumulative net inflows into HYPE ETFs to approximately $280.8 million. The products launched in mid-May and initially enjoyed consistent demand before investor sentiment weakened in July.

Over the previous three weeks, HYPE ETFs recorded a combined $30.6 million in net outflows. Redemptions accelerated during the week ending July 31, when investors withdrew $14.7 million. Bitwise's BHYP accounted for the largest portion of those withdrawals.

JPMorgan strategist Nikolaos Panigirtzoglou previously linked the slowdown in HYPE ETF demand to increasing competition in the crypto investment market. The weaker fund flows also coincided with declining HYPE prices.

HYPE traded in the low-$60 range in late July before slipping toward $55 in early August. The Hyperliquid token is now trading around $54.75, representing a roughly 3% daily decline. It also remains about 29% below its June 16 all-time high of $76.87.

The renewed HYPE ETF inflows came alongside a broader recovery in crypto ETF demand. Major cryptocurrency investment products attracted close to $1.1 billion in combined weekly inflows through August 7.