HYPE spot exchange-traded funds flipped into net outflows on Sept. 8 and Sept. 9, according to TradingBeats monitoring cited by BlockBeats. The products recorded net outflows of $12.9556 million and $5.2922 million on those two trading days, for a combined $18.2478 million withdrawn over the period. On Sept. 9, the entire daily outflow came from Bitwise’s BHYP product.
The reversal followed a clear slowdown in weekly inflows. HYPE spot ETFs drew about $56.9 million during Aug. 24-28, then about $12.3 million during Aug. 31-Sept. 4, a 78.4% drop from the previous week. After that, flows moved into single-day net redemptions.
Despite the recent pullback, cumulative net inflows into HYPE spot ETFs still stood at about $338 million as of Sept. 9, while total net assets were about $464 million. The latest figures indicate that ETF-driven incremental buying of HYPE has shifted from slowing to a phase of withdrawals.
HYPE spot exchange-traded funds recorded net outflows on both Sept. 8 and Sept. 9, according to TradingBeats data cited by BlockBeats on Sept. 11. The funds saw net outflows of $12.9556 million and $5.2922 million, bringing the two-day total to about $18.2478 million.
Sept. 9 outflow came entirely from BHYP
On Sept. 9, all of the day’s net outflow came from Bitwise’s BHYP, the data showed.
Weekly inflows had already slowed sharply
Before the market turned to consecutive daily outflows, weekly net inflows into HYPE spot ETFs had already cooled. The products took in about $56.9 million from Aug. 24 to Aug. 28, then about $12.3 million from Aug. 31 to Sept. 4, a week-over-week decline of 78.4%. Flows later moved into single-day net outflows.
Cumulative inflows remain positive
As of Sept. 9, cumulative historical net inflows for HYPE spot ETFs were still about $338 million, while total net assets stood at about $464 million. The recent trend shows that incremental ETF buying of HYPE has shifted from a slowdown to a phase of withdrawals.
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