Hyperliquid ETFs Mark Strongest Debut in Crypto Market

Hyperliquid ETFs have made a remarkable entrance into the crypto market, surpassing previous records set by Bitcoin, Ethereum, and Solana spot crypto ETFs. According to Kairos Research, in their first 10 trading days, these Hyperliquid ETFs absorbed 1.04% of HYPE's total market capitalization.

This achievement is notable because it takes into account the size of the underlying asset's market rather than just ranking ETF launches by dollar inflows. While Bitcoin products still operate on a much larger scale in absolute terms, Kairos' metric suggests that HYPE's ETF launch has drawn unusually strong early demand relative to its market size.

The data from SoSoValue supports this picture of a fast start for Hyperliquid ETFs. Total net assets across US HYPE spot ETFs stood at $117.38 million, equal to 0.88% of HYPE's market capitalization. Daily net inflows reached $20.45 million, while total value traded was at $53.76 million.