Hyperliquid (CRYPTO: HYPE) surged 15% in the last 24 hours while Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP) traded flat.

Hyperliquid ETFs Pull 2.5X More Buying Pressure Than Buybacks

The first two Hyperliquid spot ETFs attracted market cap-adjusted inflows exceeding Bitcoin on three of the first six trading days and outpaced Ethereum on five out of six days, according to analyst Aletheia.

On the sixth trading day, Hyperliquid ETFs saw significantly higher inflows than any crypto peer. 

The ETFs bought 2.5 times the amount of HYPE that the Assistance Fund bought and burned during the same period, adding fuel to already …

Full story available on Benzinga.com

Read more on Benzinga