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#HYPEETFInflows BTC and ETH kept falling. HYPE ETFs pulled in ~$150M within days of launch 👀 Grayscale's research head Zach Pandl flagged something important: the inflows came primarily from investors new to crypto — not BTC rotations. HYPE is pulling in incremental capital from outside the existing crypto market 📈 That's a different story than most altcoin pumps. This isn't internal rotation. It's expansion 💡 Wall Street approved a standalone HYPE ETF. Low correlation with BTC is gaining institutional recognition. The institutionalization playbook is playing out — and faster than BTC's did 🏦 If Pandl's read is right, HYPE's valuation no longer depends on the broader crypto market going up. It's building its own demand base 🤔 The next milestones that matter: index inclusion or futures ETF approval. Either one accelerates the institutional adoption curve significantly 💀 Does the decoupling hold — or does a deep enough BTC crash drag everything down regardless? 👇