While Bitcoin and Ether investors have been nursing their wounds through a rough stretch, a pair of brand-new ETFs tracking the HYPE token have collectively attracted nearly $160 million in net inflows since launching in mid-May 2026.

Two new ETFs, one very loud signal

21Shares listed THYP on May 12, with Bitwise’s BHYP following around May 15. In their first week of trading, inflows ranged between $22 million and $54 million, depending on the fund.

One Wednesday session produced a record single-day inflow of $25.5 million across the products.

The expense ratios are competitive. THYP charges 0.30% and BHYP comes in at 0.34%, with some initial fee waivers reported for early investors.