U.S. spot Hyperliquid exchange-traded funds recorded their largest net inflows on Wednesday, as institutional demand remained strong, analysts said.
Spot HYPE (HYPE) ETFs brought in $25.5 million in net inflows on Wednesday, up from $11 million on Tuesday and $4.4 million on Monday, according to Farside data. Their cumulative net inflows reached $54 million in the past seven trading days since launch.
The 21Shares Hyperliquid ETF (THYP), which launched on May 12, led today's inflows with $16.7 million, up from $5.3 million on Tuesday. The Bitwise Hyperliquid ETF (BHYP), which began trading on May 14, recorded $8.8 million in net inflows, compared with $5.7 million the day before.
"Institutions appear to be seizing the opportunity: early data shows they are piling into HYPE ETFs faster than they did into BTC ETFs on a market-cap-adjusted basis," said Peter Chung, head of research at Presto Research.
Dominick John, analyst of Zeus Research, told The Block that the inflows "suggest an easy entry point into the infrastructure narrative, with investors also recognizing a transparent, usage-linked revenue story."
