Українська
Русский
English
HYPE ETF Trading Volumes Have Increased Eightfold Since Launch — Bloomberg Analyst
The Hyperliquid spot ETF (THYP) is showing rapidly growing trading activity. According to Bloomberg Intelligence senior analyst Eric Balchunas, daily trading volumes for the fund have steadily increased since launch and are now measured in tens of millions of dollars.
Balchunas stated that current trading activity is already eight times higher than on the ETF’s first trading day.
He noted that this “indicates strong organic market interest.”
He also added:
“An additional catalyst for investors was the 20% appreciation in the ETF’s share price immediately after listing.”
Source: Eric Balchunas.
Hyperliquid Has Become One of Crypto’s Largest Fee Generators
GSR executive Frank Chaparro stated that Hyperliquid has become one of the dominant fee generators in the cryptocurrency industry.
According to him, the platform is currently responsible for approximately 43% of all crypto network fees — around $11 million per week.
Chaparro explained this by noting that:
“The perpetual futures sector remains the most profitable segment of the on-chain market.”
Source: Frank Chaparro.
ETFs Could Reshape HYPE’s Market Structure
Crypto analyst Aletheia analysed the first six trading days of two debut spot ETFs based on Hyperliquid.
He concluded that the launch of these ETFs could significantly reshape the market structure of the $HYPE token.
According to the analyst:
“Corporate treasuries have already absorbed part of the circulating supply, while early large sellers managed to distribute holdings before passive institutional capital entered the market. This reduces the risk that new institutional demand will collide with large legacy sell walls.”
HYPE ETFs Outperformed Bitcoin ETFs on Relative Inflows
Aletheia also stated that, after adjusting for market capitalisation, the new Hyperliquid ETFs outperformed Bitcoin ETFs in relative net inflows during three of their first six trading days.
Compared with Ethereum ETFs, Hyperliquid products dominated in five out of six trading sessions.
According to the analyst, the only meaningful competitor was Solana, which exceeded Hyperliquid in relative inflows during four of the first six trading days.
However, by the sixth day of trading, HYPE ETFs had established an outright lead over all major competitors in terms of inflow volume.
Source: Aletheia.
ETFs Are Creating Strong Buy Pressure
According to Aletheia, the new $HYPE ETFs are already successfully competing with the official Assistance Fund in generating buying pressure on the open market.
During the first six trading days, spot ETFs purchased 2.5 times more $HYPE tokens than the Assistance Fund managed to buy back and burn.
Analysts consider this trend one of the most important factors to monitor in the future development of the Hyperliquid ecosystem.
See also: "List of the Most Popular Cryptocurrencies Published: Bitcoin and Five Altcoins Included"
