HYPE Spot ETFs Break Outflow Streak as Crypto Market Sees $1.1 Billion Inflows

Hyperliquid (HYPE) spot ETFs have finally broken their three-week streak of outflows, adding $2.84 million in fresh inflows during the week ending August 7. This comes after a sharp decline in which HYPE shed over $30 million between July 17 and July 31.

The reversal of fortunes was not an isolated incident, as the broader crypto ETF market saw significant inflows, with Bitcoin (BTC) ETFs leading the charge at $853.5 million and Ethereum (ETH) funds adding $244.9 million. In contrast, smaller altcoin products struggled to attract capital, with Solana (SOL) ETFs drawing just $145,000.

According to SoSoValue data, HYPE ETFs had continued to see consecutive inflows since their launch in mid-May before the recent downturn. The token's price has also taken a hit, falling from its June 16 record high of $76.87 to around $54.75, a decline of about 29%.