Hyperliquid ETFs Attract $172 Million as HYPE Reaches Record High

Hyperliquid ETFs have attracted $172 million since their launch, coinciding with HYPE reaching an all-time high, according to Decrypt. The inflows stand out against a weaker stretch for U.S. spot Bitcoin ETFs, which have shed nearly $5.6 billion over the same period.

The contrast matters because it highlights how crypto market attention can shift even when larger, more established products are seeing withdrawals. Hyperliquid-linked funds are drawing capital while Bitcoin ETF flows move in the opposite direction, underscoring divergence across different parts of the digital asset market.

For readers tracking crypto investment products, the figures suggest that demand is not moving uniformly across the sector. Bitcoin ETFs remain a major part of the market structure, but the reported outflows show that investor appetite can cool in one area while newer products gain traction elsewhere.

HYPE’s all-time high adds another layer to the story. Rising interest in the asset and inflows into related ETFs are happening at the same time, making Hyperliquid one of the more closely watched names in the current market cycle.

Still, the reported numbers do not by themselves explain why investors are moving money between products. They do, however, show a clear snapshot: Hyperliquid ETFs have gathered $172 million since launch, while U.S. spot Bitcoin ETFs have lost nearly $5.6 billion during that period.