Hyperliquid (HYPE) spot exchange-traded funds (ETFs) returned to net inflows in the week ending August 7, adding $2.84 million after three straight weeks of redemptions.

The reversal followed a cautious stretch flagged by JPMorgan. Cumulative net inflows now stand at $280.8 million.

HYPE ETFs Break 3-Week Outflow Streak

HYPE ETFs launched in mid-May and continued to see consecutive inflows, according to SoSoValue data. However, that momentum faded sharply last month.

The three-week slide totaled $30.6 million and peaked with $14.7 million in outflows for the week ending July 31. Bitwise’s BHYP absorbed the largest share of the redemptions.

JPMorgan strategist Nikolaos Panigirtzoglou tied the slowdown to competition. Weekly price action mirrored the outflows.

HYPE fell from the low $60s in late July toward $55 by early August. Meanwhile, the token now trades near $54.75, down about 3% on the day and roughly 29% below its June 16 record of $76.87.

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How Other Crypto ETFs Performed

The HYPE rebound matched a broad return of capital across crypto ETFs. Combined weekly inflows across major products approached $1.1 billion in the week ending August 7.

Bitcoin (BTC) ETFs led with $853.5 million in inflows, reversing a $61.5 million outflow the prior week. Ethereum (ETH) funds added $244.9 million, their strongest week since mid-April.

In contrast, smaller altcoin products cooled even as the majors surged. Solana (SOL) ETFs drew just $145,000, down from $7.2 million two weeks earlier. XRP (XRP) funds added $1 million after a $14.9 million intake the week before.

The split points to concentration. Investors funneled fresh money into Bitcoin and Ethereum while trimming smaller altcoin wrappers, with HYPE’s modest inflow ending its worst run since launch.

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Source: BeInCrypto