Hassan Maishera
TL;DR
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U.S. spot HYPE ETFs saw $25.5 million in net inflows on Wednesday, marking their largest positive flows since launch.
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HYPE is up 20% in the past 24 hours and now trades above $58.
HYPE ETFs Attract $25.5 Million in Daily Inflows
U.S. spot Hyperliquid exchange-traded funds (ETFs) recorded their strongest day of inflows on Wednesday, signaling growing institutional appetite for exposure to the HYPE ecosystem.
Spot HYPE ETFs brought in $25.5 million in net inflows, sharply higher than the $11 million recorded on Tuesday and $4.4 million on Monday, according to data from CoinGlass. Since their launch seven trading days ago, the funds have accumulated a combined $54 million in net inflows.
The 21Shares Hyperliquid ETF (THYP), which debuted on May 12, led the inflow figures with $16.7 million added on Wednesday, compared with $5.3 million the previous day.
Meanwhile, the Bitwise Hyperliquid ETF (BHYP), which began trading on May 14, posted $8.8 million in net inflows, up from $5.7 million on Tuesday.
Hyperliquid Price Surges as Market Cap Expands
Hyperliquid’s native token HYPE surged 20% over the past 24 hours, trading at $58.29 as of late Thursday, according to market data.
The token currently holds a market capitalization of approximately $14.8 billion and previously climbed to an all-time high of $59.3 in September 2025.
At one point earlier Thursday, HYPE’s fully diluted valuation (FDV) briefly reached roughly $54.7 billion, overtaking Solana’s FDV of around $54.2 billion, based on CoinGecko data.
