Hype Surrounds HYPE: Institutional Interest Surges Amid Market Rebound

HYPE ETFs have attracted significant institutional interest, drawing in $24.42 million in daily inflows in the US, surpassing the $18.47 million net inflow registered by XRP ETFs on the same day.

This marks a notable difference in capital allocation between the two assets, despite HYPE's smaller market capitalization of approximately $18.52 billion compared to XRP's value of $89.19 billion.

Market analysts attribute this trend to a growing appetite for higher-beta crypto assets as the broader market rebounds.