Solana and Hyperliquid native ETFs capture nearly 80% of non-BTC and ETH ETF trading volume

AI Market Summary
Solana (SOL) and Hyperliquid (HYPER) native ETFs reportedly represent nearly 80% of non-BTC/ETH ETF trading volume, despite HYPER ETFs launching only two months ago. The concentration of ETF activity suggests strong relative institutional and liquidity demand for these underlyings, potentially improving market depth and reinforcing the role of compliant wrappers in driving near-term flows within the broader spot-ETF ecosystem.
Impact level
● Medium
Affected assets
SOL/USDT+0.41%
AI Insight · SOL/USDTAI Insight
▲ Bullish
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Native ETFs tied to Solana (SOL) and Hyperliquid (HYPER) have together accounted for nearly 80% of trading volume among spot ETFs excluding Bitcoin and Ethereum. Hyperliquid ETFs began trading only two months ago. The figures were reported by The Block.