Hyperliquid’s XRP and HYPE have emerged as notable bright spots amid record outflows from spot crypto exchange-traded funds (ETFs) in the United States.
XRP-linked ETFs added $59.4 million in June, a third straight month of net inflows, although at a slower pace than in the previous two months, according to SoSoValue data. HYPE funds saw $161 million in net inflows during the month.
On the other hand, bitcoin ETFs suffered record outflows of over $4 billion, ether ETFs (ETH) saw outflows of $528.99 million, and solana ETFs (SOL) lost $786,000.
Positive flows into XRP and HYPE funds signal potential for significant spot price appreciation, particularly if Bitcoin and the broader market stabilize.
HYPE also enjoys support at the fundamental level. Its parent company, decentralized exchange Hyperliquid, generated just over $80 million in fees over the past 30 days, according to DefiLlama. This places it third among all protocols and behind stablecoin giants Tether ($486.9 million) and Circle Internet ($184.07 million).
Speaking of market stability potential, July brings hope. According to Alex Kuptsikevich, chief market analyst at FxPro, July tends to be a positive month for the largest cryptocurrency.
