Bitcoin ETF Inflows Resume as Hyperliquid Challenges Ethereum Dominance

Bitcoin spot ETFs recorded $623 million in net inflows for the week ending May 10 2026 per SoSoValue data, though other reports show $1.67 billion outflows

Dipendra Singh

— 2 min read
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Bitcoin ETF Inflows Resume as Hyperliquid Challenges Ethereum Dominance

Hero: A digital illustration of Bitcoin ETF flow charts fluctuating alongside a surging Hyperliquid HYPE token overtaking Dogecoin in market rankings, set against blockchain network visuals

Summary

  • Bitcoin spot ETFs recorded $623 million in net inflows for the week ending May 10 2026 per SoSoValue data, though other reports show $1.67 billion outflows in June.
  • Hyperliquid's HYPE token hit an all-time high above $68 with a $17.6 billion crypto market cap and flipped Dogecoin in rankings.
  • Hyperliquid processed $1.93 million in fees over 24 hours, topping Ethereum's $1.82 million for the same period.

Bitcoin spot ETFs saw $623 million in net inflows for the week ending May 10 2026. SoSoValue data shows this as the sixth straight week of positive flows. Separate Bitcoin Foundation numbers later flagged $1.67 billion in outflows during June.

These mixed signals underscore the volatility.

Context

Bitcoin ETF flows swung hard through spring and summer 2026. Weekly reports often clash. SoSoValue tracked inflows through mid-May. Bitcoin Foundation figures showed $4.21 billion pulled out across three June weeks.

Hyperliquid now challenges Ethereum directly in decentralized perps trading. Its HYPE token climbed to a $17.6 billion market cap. Capital shifts toward utility-focused platforms.

Details

SoSoValue reported the $623 million inflow on May 10 2026. It noted six straight weeks of net positive movement into US spot Bitcoin ETFs. Bitcoin Foundation data countered with $1.67 billion lost in one June week.

"HYPE reached an ATH above $68 with $17.6B market cap."

Market data

Hyperliquid processed $1.93 million in fees over the latest 24 hours. It topped Ethereum's $1.82 million for the same stretch. The fee edge hit as HYPE passed Dogecoin in market cap per CoinMarketCap updates from June 1 2026.

These metrics place Hyperliquid among top perp DEX venues by revenue. Its token now ranks as a top-10 crypto asset by market cap.

Outlook

Market participants will watch the next Bitcoin ETF flow reports. They will also track Hyperliquid's fee numbers. The goal is to see if the platform keeps its edge over Ethereum in decentralized derivatives.

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