Bitwise’s BHYP fund drove most of the $7.96 million net outflow from Hyperliquid (HYPE) spot ETFs on Friday, Nov. 6, as reported net assets across the products stood at $374 million.
BHYP lost $7.0529 million during the session, leaving its cumulative net inflows at $114 million. Withdrawals from the 21Shares Hyperliquid ETF (THYP) exceeded inflows by $907,000; its cumulative net inflows stood at $27.4128 million. Together, the two products’ outflows totaled $7.9599 million, which rounds to $7.96 million.
Across the funds, cumulative net inflows were $287 million. The Oct. 26-30 week had also ended with a net outflow for HYPE ETFs. EconoTimes’ earlier coverage of Zcash gains and Solana fund withdrawals noted that HYPE funds had also recorded a third consecutive session of withdrawals. A net outflow means withdrawals exceeded new inflows during the session.
