Hyperliquid ETFs End 3-Week Outflow Streak with Modest Inflows

Hyperliquid ETFs saw a reversal of fortune last week after bleeding $30.6 million over three weeks, adding $2.84 million in inflows. This marked the end of a three-week outflow streak for HYPE ETFs, launched in mid-May.

The slowdown was attributed to increased competition by JPMorgan strategist Nikolaos Panigirtzoglou. As a result, the token's price fell from the low $60s in late July to around $55 by early August and is now trading near $54.75, down about 3% on the day and roughly 29% below its June 16 record of $76.87.

However, this rebound was part of a broader return of capital across crypto ETFs. Combined weekly inflows across major products approached $1.1 billion in the week ending August 7, with Bitcoin (BTC) ETFs leading the charge with $853.5 million in inflows and Ethereum (ETH) funds adding $244.9 million.