HYPE Spot ETF Absorbs 1.04% of Its Market Cap Assets in 10 Trading Days, Strongest Launch in Crypto ETF History

Odaily Odaily reports that Kairos Research stated on the X platform that the HYPE spot ETF has absorbed 1.04% of HYPE's circulating market value within the first 10 trading days since its launch, marking the strongest debut performance among all spot crypto ETFs to date. Comparative data for the same period shows that among the cohort of newly launched issuers (excluding net outflows from legacy trust products such as GBTC and ETHE), the BTC spot ETF accounted for 0.59% of its circulating market cap, ETH for 0.41%, and SOL for 0.31%.