US Hyperliquid Spot ETFs Draw Record $25.5 Million in One Day Since Launch
Summary
- US Hyperliquid (HYPE) spot ETFs recorded $25.5 million in net inflows on May 20, the highest daily total since launch.
- Cumulative net inflows totaled about $54 million over the past seven trading days since launch, with $16.7 million going into 21Shares' THYP and $8.8 million into Bitwise's BHYP.
- Tim Sun, a senior researcher at HashKey Group, said the inflows into Hyperliquid ETFs show growing market acceptance of decentralized exchanges (DEXs) becoming part of financial infrastructure.
Forecast Trend Report by Period
US spot exchange-traded funds tied to Hyperliquid (HYPE) recorded their largest daily inflow since launch.
The Block reported on May 21 that Hyperliquid spot ETFs posted $25.5 million of net inflows on May 20. That was the biggest one-day inflow since the products debuted on May 12.
Net inflows have climbed steadily, rising from $4.4 million on May 18 to $11 million on May 19. Over the seven trading days since launch, cumulative net inflows reached about $54 million.
By product, 21Shares' Hyperliquid ETF, THYP, led with $16.7 million of net inflows. Bitwise's Hyperliquid ETF, BHYP, drew $8.8 million.
Tim Sun, a senior researcher at HashKey Group, said the steady inflows into Hyperliquid ETFs suggest the market is increasingly accepting that decentralized exchanges, or DEXs, are becoming part of financial infrastructure.
Meanwhile, Hyperliquid has been rapidly gaining market share in the on-chain perpetual futures and derivatives trading market. The Block said the Hyperliquid network accounted for about 42% of total blockchain fees this week. Tron ranked next at 22.6%, followed by Solana at 10.6% and Ethereum at 8%.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
