HYPE spot ETFs turn to net outflows, with a total of $18.25 million withdrawn over two days

BlockBeats news, September 11, according to TradingBeats monitoring, on September 8 and 9 Eastern Time, HYPE spot ETFs recorded consecutive net outflows of $12.9556 million and $5.2922 million respectively, with a total net outflow of approximately $18.2478 million over the two days. Among them, the net outflow on September 9 came entirely from Bitwise's BHYP.

Previously, the weekly net inflows into HYPE spot ETFs had already slowed significantly: approximately $56.9 million in net inflows from August 24 to 28, dropping to approximately $12.3 million from August 31 to September 4, a decrease of 78.4% period-over-period, and subsequently further turning into single-day net outflows.

As of September 9, the historical cumulative net inflows into HYPE spot ETFs remained at approximately $338 million, with total net asset value of approximately $464 million. Recently, ETF incremental buying of HYPE has shifted from slowing down to a phased withdrawal.