Hyperliquid's HYPE token logs record ETF inflows amid crypto market outflows

Hyperliquid's native token HYPE attracted $113 million in net ETF inflows over a seven‑day period, representing about 0.8 % of its market capitalization. The inflows pushed weekly ETF volume to a record high, with cumulative inflows of $293 million and assets under management of $323 million, roughly 2.3 % of the token’s market cap.

In the same week, major cryptocurrency assets saw net outflows: Bitcoin lost $1.077 billion, Ethereum $195 million, and Solana $3.9 million. The divergent flow pattern highlighted strong relative demand for HYPE compared with broader crypto markets, which continued to experience weak sentiment and asset withdrawals.

Analysts note that while HYPE’s price has formed a double‑top technical pattern suggesting possible short‑term weakness, the sustained ETF inflows underscore continued institutional interest in the Hyperliquid ecosystem.