HYPE ETFs Experience First Weekly Outflow Since May, Ending Nine-Week Inflow Streak
The HYPE exchange-traded funds (ETFs) recorded their first weekly outflow since launching in May, shedding $7.26 million as of July 17 according to SoSoValue data. This ended a nine-week streak of inflows and reduced cumulative net inflows from $308.6 million to $301.34 million while net assets fell by 12.7%. Meanwhile, Bitcoin (BTC) and Ethereum (ETH) ETFs continued attracting capital.