Hyperliquid ETF Absorbs 1% of Market Cap in 10 Trading Days... Altcoin Demand Concentrated

The Hyperliquid (HYPE) spot ETF recorded the strongest debut among virtual asset ETFs, attracting funds equivalent to 1.04% of its underlying asset's market cap within its first 10 trading days. This indicates higher initial demand compared to Bitcoin, Ethereum, and Solana ETFs when measured against their respective market caps, signaling a concentration of demand towards altcoins.

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