Hyperliquid ETFs Balloon to $502 Million Amid Dwindling Investor Interest
Hyperliquid's (CRYPTO:HYPE) three U.S. spot ETFs held a total of $502 million in net assets as of September 25, despite investors pulling out around $14 million.
The funds' growth primarily came from HYPE's price appreciation, which rose to nearly $94, just shy of its all-time high from September 19.
However, the substantial difference between total net assets and cumulative inflows mainly reflects this price increase.
Despite Binance listing HYPE on September 24 with a Seed Tag indicating higher risk, Hyperliquid Strategies (NASDAQ:PURR) purchased about 494,000 HYPE in just 16 hours on September 25, exceeding the $9.2 million total all three ETFs accumulated over the entire week.
This single transaction indicates strong ongoing support for the token, which ETF figures do not capture.