TechFlow News, May 27: According to data from Kairos Research, Hyperliquid’s (HYPE) spot ETF absorbed 1.04% of its market capitalization within the first 10 trading days prior to listing—outperforming the initial demand metrics of spot ETFs for Bitcoin (0.59%), Ethereum (0.41%), and Solana (0.31%) when adjusted for market cap. Bloomberg ETF analyst Eric Balchunas noted that 21Shares’ HYPE ETF (THYP) has surged 50% since its launch two weeks ago, outpacing BlackRock’s Bitcoin ETF IBIT.
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