HYPE spot ETF absorbs 1.04% of circulating supply in first 10 days

The HYPE spot ETF has absorbed 1.04% of the token's circulating market cap in its first 10 trading days, according to Kairos Research on X. The research firm noted this represents the strongest initial capital inflow for any spot cryptocurrency ETF on record. For comparison, inflows into new spot ETFs over the same timeframe accounted for 0.59% of BTC's circulating supply, 0.41% for ETH, and 0.31% for SOL. This calculation excludes outflows from existing trust products like GBTC and ETHE.