According to Mars Finance, Kairos Research published an article on the X platform stating that the HYPE spot ETF absorbed 1.04% of HYPE's circulating market capitalization in its first 10 trading days, marking the strongest initial performance among all spot crypto ETFs to date. Comparative data from the same period shows that among newly issued cohorts (excluding net outflows from legacy trust products such as GBTC and ETHE), BTC spot ETFs accounted for 0.59%, ETH for 0.41%, and SOL for 0.31%.
The HYPE spot ETF absorbed 1.04% of its market capitalization in 10 trading days, marking the largest initial public offering (IPO) in the history of crypto ETFs.
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