HYPE ETFs have crossed $100 million in net inflows, marking a quiet but notable milestone for Hyperliquid as the DeFi derivatives platform gains traction with traditional investors.
The funds saw about $20 million in net inflows on Tuesday, pushing cumulative inflows above $100 million within their first 10 trading sessions, according to Farside Investors data.
The inflows are currently led by two US spot products tracking Hyperliquid’s native token: 21Shares’ THYP and Bitwise’s BHYP.
Early flow data had already pointed to strong demand before the $100 million mark. The two HYPE spot ETFs recorded $22.3 million in combined net inflows during their first week, including more than $11 million on one trading day.
The momentum comes as Hyperliquid continues to position itself as one of crypto’s leading onchain trading venues. Bitwise said Hyperliquid processed $2.9 trillion in trading volume in 2025 and accounted for about 60% of global onchain derivatives open interest.
