The Hyperliquid (HYPE) spot ETF complex recorded a net outflow of $4.95 million on October 14, according to aggregate tracker data compiled by SoSoValue, as redemptions across the group of funds outpaced creations for the session.

A daily net outflow indicates that the total value of shares redeemed from the funds exceeded the value of new shares created during the session, a figure widely monitored as a gauge of investor demand for spot cryptocurrency ETF products. Because the reading is compiled in aggregate, the $4.95 million figure reflects the combined activity of the funds in the group rather than the flows of any single product.

Despite the single-day outflow, the report notes that the HYPE ETFs have recorded cumulative net inflows since the products launched. The next daily flow readings from SoSoValue will show whether the session's redemptions continued or were offset by renewed creations in the sessions ahead.

Hyperliquid is a decentralized perpetual futures exchange that operates on its own Layer 1 blockchain. Its native HYPE token was distributed to users in November 2024 through one of the largest airdrops in the cryptocurrency sector's history. Spot ETFs hold the underlying asset directly, making their daily creation and redemption flows a closely watched measure of investor participation in the asset class. SoSoValue, which compiled the aggregate figures cited in the report, operates one of the most widely referenced trackers of daily cryptocurrency ETF flows.

This content was first published on COINOTAG.