‘Better than average’ – Hyperliquid ETF records $1.8M volume as HYPE drops
The post ‘Better than average’ – Hyperliquid ETF records $1.8M volume as HYPE drops appeared on BitcoinEthereumNews.com. The first U.S. spot Hyperliquid [HYPE] ETF by 21Shares posted $1.8 million in trading volume during its debut on the 12th of May. Overall, the product raked in $1.2 million in daily net inflows. However, Bloomberg ETF analyst James Seyffart noted the fund was initially seeded with about $725K. This capital, provided by the asset manager, ensures sufficient liquidity and smooth trading during the product’s launch. Commenting on its performance, Seyffart added, Okay, $THYP (21Shares spot HYPE ETF) finished the day at $1.8 million in trading. Very, very solid day and better than your average ETF launch for sure, but nothing too crazy. Expecting Bitwise’s Hyperliquid ETF to be the next launch. However, the debut was pale compared to the Solana and XRP ETF launches. Notably, the Canary Capital XRP ETF did $58 million in trading volume while Bitwise’s SOL ETF raked in $57