Ethereum ETFs Surge as Institutional Investors Flee HYPE

A significant shift in institutional capital is underway in the cryptocurrency exchange-traded fund (ETF) market, with data indicating a rotation away from the Hyperliquid (HYPE) ETF and into spot Ethereum (ETH) ETFs.

According to an analysis by BeInCrypto, spot Ethereum ETFs have recorded net inflows for three consecutive weeks, while the HYPE ETF has experienced net outflows for two straight weeks.

The data reveals a consistent pattern of institutional buying in Ethereum ETFs. Over the past three weeks, net inflows into these funds totaled $84 million, followed by $105 million and then $103.9 million in the most recent week.

In contrast, the HYPE ETF saw its weekly trading volume drop to $62.7 million, its lowest level since inception.