Hyperliquid ETFs see $172M in net inflows since launch

Hyperliquid spot ETFs have attracted $172 million in net inflows in the two months since their launch, in stark contrast to Bitcoin spot ETFs, which saw outflows of approximately $5.6 billion over the same period, Decrypt reported. According to data from SoSoValue, three Hyperliquid ETFs listed in May have seen consistent inflows while funds have exited Bitcoin ETFs. The HYPE ETF also reached an all-time high of $75.96 on June 16, having risen 73% in the last month and 196% year-to-date. By product, the Bitwise BHYP led with cumulative net inflows of around $107 million, followed by the 21Shares THYP with $60 million and the Grayscale HYPG with $8.6 million. The cumulative trading volume for the three products has reached nearly $900 million. Jeff Mei, COO of BTSE, commented that HYPE's resilience signals the market is beginning to price in the protocol's fundamentals. He added that the Assistance Fund's token burn is reducing circulating supply, while Coinbase's $5 billion USDC program provides continuous liquidity, strengthening Hyperliquid's competitive advantage.