US spot Hyperliquid exchange-traded funds recorded about $605,000 in net inflows on November 3, making them the only US crypto ETF category to attract fresh money that day. By contrast, Bitcoin ETFs posted roughly $115.56 million in net outflows, while Ethereum ETFs lost about $85.35 million, according to the reported figures.
The move stood out because no other US crypto ETF group ended the session in positive territory. Even so, the amount entering HYPE funds was small relative to the money leaving the two largest crypto ETF segments and did not reverse the broader pattern of recent withdrawals from Hyperliquid products.
A small inflow in a weak session for crypto ETFs
The November 3 flow data showed a clear split across US spot crypto ETFs. Hyperliquid funds added around $605,000, while combined withdrawals from Bitcoin and Ethereum products reached more than $200 million.
Measured against those larger redemptions, the HYPE inflow was limited in scale. The reported comparison suggests Hyperliquid funds attracted about $1 for every $330 that exited Bitcoin and Ethereum ETFs, indicating that the day’s positive print for HYPE was too small to offset the broader pullback across the sector.
HYPE funds remain under pressure over a longer window
The one-day inflow followed a difficult stretch for Hyperliquid ETFs. On November 2, the same funds recorded about $2.86 million in net outflows, meaning the November 3 gain came immediately after another losing session.
Over the past 30 days, HYPE ETFs have still logged $45.07 million in net outflows. The source article also noted that cumulative net inflows for the category had previously peaked at $356.58 million on September 4, underscoring how much momentum has faded since then.
No clear sign of a rotation out of major coins
Although Hyperliquid was the only US crypto ETF category to post inflows on the day, the numbers do not support a straightforward narrative that investors were moving capital out of Bitcoin and Ethereum and into HYPE.
The scale mismatch is significant: the inflow into Hyperliquid funds represented less than 1% of the amount withdrawn from Bitcoin and Ethereum ETFs. That leaves the November 3 data looking more like an isolated positive reading for HYPE than a broader change in investor allocation across crypto ETFs.
Ethereum streak extends as the next data points come into focus
Ethereum ETF withdrawals have now continued for seven straight trading days, totaling $656.68 million over that run. According to the source, the last inflow into Ethereum funds was recorded on October 23.
The immediate next step is whether upcoming daily flow data confirm a shift in trend for any of the three categories. For now, the latest session shows a rare inflow for Hyperliquid ETFs, but the wider picture remains dominated by sustained outflows from both Ethereum products and, on November 3, Bitcoin funds as well.
Source: beincrypto.com