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HYPE spot ETFs post $6.8882 million net outflow on July 24

HYPE spot ETFs post $6.8882 million net outflow on July 24

Bitwise Hyperliquid ETF BHYP was the only HYPE fund with outflows, while category assets slipped to $288 million and cumulative net inflows eased to $293 million, SoSoValue data showed.

HYPE

Fact Check
Two independent outlets (Odaily newsflash 503714 and PANews) both report identical figures matching the claim: a $6.8882 million net outflow on July 24 US Eastern time, with Bitwise Hyperliquid ETF (BHYP) as the sole fund with outflows, category total net assets of $288 million, and cumulative net inflows of $293 million, all citing SoSoValue data. Every quantitative element of the claim is corroborated.
    Reference: 12
Summary

HYPE spot ETFs recorded total net outflows of $6.8882 million on July 24, U.S. Eastern Time, according to SoSoValue data, with Bitwise Hyperliquid ETF (BHYP) the only fund in the category to see money leave. Despite the daily withdrawal, BHYP's cumulative historical net inflow reached $117 million. The HYPE segment held $288 million in total net assets, with a net asset ratio of 2.24% and cumulative historical net inflows of $293 million. ETF flow data is closely watched as a gauge of investor demand because it shows whether capital is entering or leaving listed crypto investment products.

Terms & Concepts
  • spot ETFs: Exchange-traded funds that hold the underlying asset directly rather than using derivatives.
  • net outflow: A day when more money leaves a fund or fund category than enters it.
  • net asset ratio: A measure showing fund assets relative to the relevant market value.