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Solana and Hyperliquid ETFs capture nearly 80% of non-Bitcoin, Ethereum volume

Solana and Hyperliquid ETFs capture nearly 80% of non-Bitcoin, Ethereum volume

Solana ETF assets under management reached $904 million, while Hyperliquid-linked funds drew $350 million in net inflows, underscoring concentrated demand beyond the two largest crypto assets.

BTC
ETH
SOL

Fact Check
The Block article and its official X post both directly support the claim. The article specifies Solana ETF AUM of $904M and Hyperliquid net inflows of $350M, and states the two combined account for nearly 80% of non-BTC and ETH ETF volume, matching the claim's headline and content exactly. Multiple aggregators (Binance Square, search results) independently reproduce the same figures.
    Reference: 12
Summary

Solana and Hyperliquid exchange-traded funds have together made up about 80% of ETF trading volume outside Bitcoin and Ethereum, signaling that investor activity in alternative crypto fund products remains heavily concentrated in those two exposures. Solana ETF assets under management reached $904 million, while net inflows into Hyperliquid-related funds hit $350 million. Their ETF-to-market-cap ratios are about 2%, compared with roughly 9% for Bitcoin ETFs, a gap the source says suggests room for growth.

Terms & Concepts
  • assets under management: The total market value of assets overseen by an investment fund or group of funds.
  • net inflows: The amount of new investor money entering a fund after subtracting withdrawals.
  • ETF-to-market-cap ratios: A measure comparing the size of ETF assets tied to an asset with that asset's overall market capitalization.