Hyperliquid ETFs surprise with 50% volume jump after slow launch
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- Hyperliquid token surged 120% YTD and rose 18.5% to $56 in the past day, per CoinGecko.
- 21Shares Hyperliquid ETF (THYP) launched May 12, initially pulling $1.2 M net inflows, then recorded a record $16.6 M inflow on its peak day.
- Bitwise Hyperliquid ETF (BHYP) debuted May 14 with $750 k net inflows and later added $8.8 M on the same record day.
- ETF inflows for the two ETFs hit $25.5 M on Wednesday, the highest single‑day total since altcoin ETF launches.
- Grayscale filed for its own Hyperliquid ETF in March, and two Grayscale‑linked wallets bought $25 M of HYPE and staked it over the past week.
Why it matters: Institutions gain $25.5M exposure to Hyperliquid’s fast‑growing crypto futures platform, boosting the token’s price and validating the super‑app model, while competing altcoin ETFs miss out on the inflow.
