HYPE spot ETFs see $161M in net inflows in first month

Three U.S. spot ETFs for Hyperliquid (HYPE) have attracted $161 million in net inflows in their first month of trading, Cryptoslate reported. Net inflows were recorded daily, with the exception of a $29 million outflow from Bitwise's BHYP. As Hyperliquid blocks access for U.S. users, these ETFs represent the sole method for them to gain exposure to HYPE. The platform's futures trading volume over the last 30 days reached $240.5 billion, with annualized fees surpassing $1 billion. Hyperliquid uses 99% of its fee revenue for HYPE buybacks, making the value of holding the token comparable to having an equity stake in the exchange. However, the outlet noted that there is a risk of a sharp price decline if Hyperliquid's trading volume were to fall below $150 billion.