Hyperliquid ETFs draw $22.3 million in early inflows, analysts point to ‘good sign of organic interest’
The Block
Hyperliquid spot ETFs have attracted $22.3 million in early net inflows, signaling strong institutional and organic market interest in the protocol.Summary
Hyperliquid-linked spot ETFs, specifically 21Shares' THYP and Bitwise's BHYP, have accumulated $22.3 million in net inflows within their first week of trading. Analysts, including Bloomberg's Eric Balchunas, view the steady growth in trading volume as a "good sign of organic interest" in the platform. Hyperliquid has recently captured a significant share of blockchain fees, further driving interest in its native HYPE token. Institutional adoption is already impacting the market, with ETFs purchasing 2.5 times the amount of HYPE tokens compared to the protocol's own buyback program, while Bitwise has committed to staking its accumulated HYPE holdings.
(Source：The Block)