News linked to both this project and an event.
According to Kairos Research data, Hyperliquid’s (HYPE) spot ETF absorbed 1.04% of its market capitalization within the first 10 trading days after launch—outperforming the debut performance of spot ETFs for Bitcoin (0.59%), Ethereum (0.41%), and Solana (0.31%) when measured by market-cap-adjusted demand. Bloomberg ETF analyst Eric Balchunas noted that 21Shares’ HYPE ETF (THYP) has surged 50% since its launch two weeks ago—growing faster than BlackRock’s Bitcoin ETF, IBIT.
Kairos Research posted on X platform, stating that the HYPE spot ETF has absorbed 1.04% of the HYPE circulating market cap within its first 10 trading days, marking the strongest debut among all spot crypto ETFs to date. A comparative analysis of the same period shows that among the cohort of new issuers (excluding net outflows from legacy trust products like GBTC and ETHE), BTC spot ETFs accounted for 0.59%, ETH for 0.41%, and SOL for 0.31%.