ETF

Hyperliquid’s token is tanking as ETF investors flee, so why does Grayscale think it is massively undervalued?

CryptoSlate2h agoUpdated 1h ago
Hyperliquid’s token is tanking as ETF investors flee, so why does Grayscale think it is massively undervalued?
Smart Read

Investors are withdrawing money from Hyperliquid-linked exchange-traded funds for the first time since the products launched. Data from SoSoValue shows that the three funds have recorded more than $13 million in net outflows in July, putting them on course for their first negative month after attracting about $280 million since inception. Nearly $27 million ...

Coins in this story

Related stories

Forget ETF flows, Bitcoin’s real threat is a hidden $39,900 liquidation wall
CryptoSlate3h ago60-word brief

Forget ETF flows, Bitcoin’s real threat is a hidden $39,900 liquidation wall

US spot Bitcoin ETFs took in roughly $999 million over seven straight days of inflows from July 14 to July 22, according to data from Farside Investors. Four straight outflow days followed, pulling about $526 million back out through July 28. Across the broader window from May 29 to July 28, daily totals imply roughly […] The post Forget ETF flows, Bitcoin’s...

Crypto exchange Luno cuts 20% of staff amid automation push and retail trading slumps
CoinDesk4h ago60-word brief

Crypto exchange Luno cuts 20% of staff amid automation push and retail trading slumps

The DCG-owned company previously cut 35% of staff in January 2023 citing tough market conditions....

Three Fed officials just voted for a rate hike as Bitcoin hangs by a thread on a $62,000 shelf
CryptoSlate4h ago60-word brief

Three Fed officials just voted for a rate hike as Bitcoin hangs by a thread on a $62,000 shelf

The Federal Reserve held its benchmark rate at 3.50% to 3.75% on July 29 in a 9-3 vote that showed real division inside the committee: Beth Hammack, Neel Kashkari and Lorie Logan all preferred a quarter-point increase. That was the first time since September 2016 that three policymakers dissented in the same direction. Bitcoin briefly […] The post Three Fed ...

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.