Hyperliquid’s spot ETFs experienced rapid capital rotation following a promising launch in May that had attracted approximately 280 million dollars in cumulative net inflows. JPMorgan reports nearly 30 million dollars in net outflows, with a 29.8 million dollar outflow streak across twelve consecutive sessions through August 3. HYPE’s price declined approximately 13% from June highs as competing products like Ethereum and Solana ETFs draw investor interest. Hyperliquid’s Assistance Fund, which returns roughly 99% of trading fees to token buybacks, remains a supportive factor for the token price.
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