HYPE ETFs quietly cross $100M in net inflows

Exchange-traded funds tracking Hyperliquid's native token have hit a notable milestone with relatively little fanfare.

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Add us on Google by Estefano Gomez May. 27, 2026

HYPE ETFs have crossed $100 million in net inflows, marking a quiet but notable milestone for Hyperliquid as the DeFi derivatives platform gains traction with traditional investors.

The funds saw about $20 million in net inflows on Tuesday, pushing cumulative inflows above $100 million within their first 10 trading sessions, according to Farside Investors data.

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The inflows are currently led by two US spot products tracking Hyperliquid’s native token: 21Shares’ THYP and Bitwise’s BHYP.

Early flow data had already pointed to strong demand before the $100 million mark. The two HYPE spot ETFs recorded $22.3 million in combined net inflows during their first week, including more than $11 million on one trading day.

The momentum comes as Hyperliquid continues to position itself as one of crypto’s leading onchain trading venues. Bitwise said Hyperliquid processed $2.9 trillion in trading volume in 2025 and accounted for about 60% of global onchain derivatives open interest.

The ETF inflows also add another demand channel for HYPE, whose tokenomics are closely tied to platform activity. Hyperliquid directs near 99% of revenue toward daily open market HYPE buybacks, while Bitwise has said it will use 10% of BHYP management fees to purchase HYPE and stake the tokens on its corporate balance sheet.

The milestone shows that institutional interest in altcoin ETFs is moving beyond Bitcoin, Ethereum, Solana, and XRP.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.