The net inflow of two Hyperliquid spot ETFs exceeded $22 million in their first week
By: rootdata|2026/05/21 04:45:01
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According to The Block, the two U.S. spot ETFs tracking Hyperliquid—21Shares' THYP and Bitwise's BHYP—had a total net inflow of approximately $22,300,000 in their first week, with over $11,000,000 inflow recorded on Tuesday alone. Analysts noted that in the first 6 trading days, the net inflow adjusted for market capitalization of the two Hyperliquid ETFs was stronger than that of Bitcoin ETFs on 3 days and stronger than Ethereum ETFs on 5 days.
On-chain data shows that Hyperliquid recently accounted for over 42% of the total blockchain transaction fee revenue, with its token HYPE's earnings almost entirely used for buybacks through the Assistance Fund. Bitcoin Suisse analysis pointed out that the amount of HYPE bought by the ETFs in the first 6 days was about 2.5 times the amount the fund bought and burned. Bitwise previously stated that it would use part of the management fees from BHYP to buy and stake HYPE.
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