Hyperliquid's HYPE token pushed above $50 — its highest level in roughly eight months — as the first spot HYPE exchange-traded funds drew stronger early demand than Bitcoin products on a market-cap-adjusted basis. Data from SoSoValue show the two funds pulled in nearly $50 million in inflows and held around $60 million in assets during their first week. Bloomberg ETF analyst Eric Balchunas noted that daily trading volume rose each session after launch, running at roughly eight times the first-day level — a pattern he said pointed to organic interest rather than an opening-week burst.
Analyst Aletheia found the HYPE ETFs outperformed Bitcoin spot ETFs on three of their first six trading days on an adjusted-flow basis, and beat Ethereum funds on five of those six sessions. The comparison arrived during a weak stretch for Bitcoin products, which logged more than $1 billion in net outflows…
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