Two Hyperliquid Spot ETFs See $22.3M Net Inflows in First Week

According to The Block, two U.S. spot ETFs tracking Hyperliquid—21Shares' THYP and Bitwise's BHYP—accumulated combined net inflows of approximately $22.3 million during their first week, with Tuesday alone recording over $11 million in daily inflows.

The ETFs outperformed Bitcoin ETFs on 3 out of 6 trading days and Ethereum ETFs on 5 days in terms of inflows adjusted for market value. On-chain data shows Hyperliquid recently captured over 42% of total blockchain fee revenue, with HYPE token yields used primarily for buybacks via the Assistance Fund. According to Bitcoin Suisse analysis, HYPE purchased by the ETFs in the first 6 days amounts to approximately 2.5 times the amount the fund has purchased and burned.