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Altcoins & DeFi

Investors Withdrew Cash From Crypto ETFs, Except for One Altcoin

Image: BeInCrypto

US spot Hyperliquid (HYPE) exchange-traded funds (ETFs) drew about $605,000 in net inflows on November 3. Bitcoin (BTC) and Ethereum (ETH) ETFs lost $115.56 million and $85.35 million, respectively. No other US crypto ETF group posted net inflows that day, according to SoSoValue data. However, the HYPE inflow offset less than 1% of what left Bitcoin and Ethereum funds. Hyperliquid ETFs Catch a Bid After Weeks of Withdrawals The HYPE ETF inflow came one session after the funds lost $2.86 million on November 2, according to SoSoValue . As a result, HYPE funds remain net negative for the week so far. Over the past 30 days, HYPE ETFs recorded $45.07 million in net outflows. Their cumulative net inflows peaked at $356.58 million on September 4.

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