Bitwise’s Hyperliquid ETF has crossed $100 million in assets less than a month after launching, marking one of the fastest early starts for a new crypto ETF tied to a DeFi native token.
The fund, trading on NYSE under the ticker BHYP, launched on May 15 and gives investors spot exposure to Hyperliquid’s native HYPE token.
Bitwise said the ETF had reached $105 million in assets after 11 trading days, with $81.8 million in total inflows and $35.1 million in average daily trading volume.
A reported $15 million daily inflow lifted the fund’s assets above $108 million, extending demand for one of the first US listed ETFs built around a decentralized derivatives exchange.
Hyperliquid is a Layer 1 blockchain designed for onchain perpetual futures and spot trading. Its rise has made HYPE one of the most closely watched DeFi tokens, helped by the protocol’s trading volume, fee generation, and buyback structure.
