Hyperliquid (HYPE) Stays Near All-Time High as Bitcoin ETFs Post $6.5B Outflows in Eight Weeks

According to Coinshares, Hyperliquid (HYPE) has remained resilient trading near its all-time high while U.S. spot Bitcoin ETFs recorded eight consecutive weeks of net outflows, with more than $6.5 billion exiting since May 2026. Ethereum ETFs also weakened during the same period.

HYPE-focused ETFs have posted inflows every week since launching in May, attracting roughly $161 million in June and bringing assets under management across three U.S.-based HYPE funds to about $336 million. Coinshares noted that Hyperliquid's tokenomics are resonating with investors, as the platform uses 99% of protocol fees to systematically buy back HYPE, creating a direct link between protocol activity and token demand.