HYPE spot ETF posts first weekly outflow since launch as BTC, ETH ETFs extend inflows

The HYPE spot ETF, listed in May, posted its first weekly net outflow since launch, BeInCrypto reported. As of July 17, $7.26 million was withdrawn from the HYPE ETF over the past week, ending a nine-week streak of net inflows. By contrast, Bitcoin (BTC) and Ethereum (ETH) ETFs logged fresh inflows for a second straight week, showing a divergent trend. The outflow came as the HYPE token price plunged.