21Shares' Hyperliquid ETF (THYP) reached $37.2M in AUM with $24.4M in net inflows during its first week on Nasdaq, marking strong demand for DeFi ETFs.

Hyperliquid now regularly beats out Ethereum and Solana in weekly blockchain fee generation, driven largely by perpetual futures.

Bitwise will hold HYPE from Hyperliquid ETF fees as HYPE funds pass $5.6M in inflows after 21Shares and BHYP launches.