U.S. Hyperliquid (HYPE) Spot ETFs Reverse Course With $2.38 Million Outflow

U.S. spot exchange-traded funds tracking Hyperliquid (HYPE) recorded $2.3787 million in net outflows on Nov. 4 (ET), reversing the prior session’s $605,100 inflow.

Bitwise Hyperliquid ETF (BHYP) posted $1.411 million in outflows, the largest daily total among the funds, leaving cumulative net inflows of $123 million. 21Shares Hyperliquid ETF (THYP) recorded $967,700 in outflows, with cumulative net inflows at $28.3197 million.

The outflow came a day after the funds drew $605,100 on Nov. 3, with Grayscale Hyperliquid Staking ETF (HYPG) accounting for all of that session’s inflows.

As of Nov. 5, HYPE spot ETFs held $411 million in net assets. Cumulative net inflows across the group were $298 million, and the funds’ net asset ratio was 2.06%.