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🟣 After 7 days of trading, $HYPE spot ETFs are already off to a remarkable start.
$BHYP and $THYP, launched by @Bitwise and @21shares respectively, have pulled in a combined $53.5M in inflows, averaging roughly $7.64M in daily inflows. That's 3.62x more than the Assistance Fund's buybacks.
These numbers are all the more striking given that $BTC and $ETH ETFs are clearly in retreat over the past 30 days. In other words, HYPE ETFs are completely decoupled from the rest of the market, much like the underlying asset itself: BTC is up +1.3% over the period, versus +40% for HYPE.
And this should only be the beginning, as the giant @Grayscale is also expected to launch its own HYPE spot ETF very soon.
The institutionalization of HYPE is only just getting started.