HYPE ETF Outshines XRP Counterpart Amid Growing Risk Appetite
The Hyperliquid (HYPE) ETF is unexpectedly outperforming its XRP counterpart by nearly 30% in terms of one-day net inflows. This phenomenon occurred despite XRP's significantly larger market capitalization, with HYPE worth around $18.52 billion and XRP valued at $89.19 billion.
According to recent ETF data, HYPE products attracted about $24.42 million in new capital during the same time frame that XRP ETFs received $18.47 million. This disparity is unusual given XRP's larger market share and may indicate increased investor demand for higher-risk exposure in light of the broader cryptocurrency rebound.
The price performance of HYPE also supports this interpretation, having broken out above earlier highs and maintained a strong position relative to its moving averages. However, technical analysis suggests that HYPE is currently trading in overbought territory with an RSI of about 74.