Bitcoin and Ethereum ETFs bled a combined $112 million in net outflows this week, while Hyperliquid exchange-traded products clawed in fresh capital for an eighth straight day. The diverging flow patterns come as the Hyperliquid network's native token HYPE touched a new all-time high on Sunday, underscoring a shift in institutional sentiment toward the ecosystem.
The ETF flow picture
Data compiled by GFdaily shows the $112 million exodus from Bitcoin and Ethereum ETFs marked the largest single-week pullback in two months. The outflows were spread across multiple funds, with no single product accounting for the majority. Meanwhile, Hyperliquid ETFs extended their winning streak to eight consecutive sessions, though the exact dollar figures for those inflows were not disclosed by the issuers.
HYPE's record run
The Hyperliquid token reached a new all-time high on Sunday, May 24, according to market data. The rally came without any major protocol announcements, suggesting the move was driven by sustained buying pressure from the ETF inflows flowing into the underlying asset. HYPE's previous record was set in early May.
The streak will be tested this week as markets reopen after the weekend. Whether Hyperliquid ETFs can push to a ninth day of inflows — and whether Bitcoin and Ethereum funds can reverse their slide — remains the open question for institutional desks.
