21Shares HYPE ETF sees $4.9M net inflow

The 21Shares Hyperliquid (HYPE) ETF (THYP) recorded a net inflow of $4.9 million on May 14, The Block reported. Trading volume for the day also reached $8.1 million. Michael Friedman, head of capital markets at 21Shares, explained that the inflow appears to have increased after Coinbase was designated as Hyperliquid's USDC treasury partner.