HYPE, the native token of decentralized exchange Hyperliquid, surged past $62 to print a new all-time high over the weekend. The rally coincides with an unbroken streak of daily inflows into two freshly launched US spot ETFs tracking the token, a run that has now stretched to eight consecutive trading sessions without a single day of net outflows.
Inside the numbers
The two funds driving the action are 21Shares’ THYP, listed on Nasdaq, and Bitwise’s BHYP, trading on the NYSE. Both debuted between May 12 and May 14, giving institutional investors their first regulated vehicle for direct HYPE exposure.
In their first seven trading days, the pair accumulated roughly $54 million in cumulative net inflows. On the strongest single session, the funds pulled in $25.5 million combined, a record for any HYPE-linked product.
HYPE itself has responded accordingly. The token touched peaks reported near $64 around May 20-21, extending a rally that has made it one of the best-performing major altcoins this month.
