HYPE spot ETF sees $15,616,800 in weekly net outflows... 3rd largest on record

Hyperliquid (HYPE) spot ETFs recorded $15.62 million in net weekly outflows for November 2–6, the third-largest weekly redemption on record, per SoSoValue data. Bitwise's BHYP shed $12.07 million and 21Shares' THYP lost $3.32 million, with BHYP the largest contributor by product. Despite the week's redemptions, both funds remain net positive since launch, with cumulative inflows of $114 million for BHYP and $27.41 million for THYP. Total net assets across HYPE spot ETFs stood at $374 million at the time of reporting. The scale of the outflow signals cooling demand for the HYPE ETF complex, and the next test is whether cumulative inflows hold as investors watch whether redemptions extend into a second week.