According to reports from crypto.news, Bitwise CEO Hunter Horsley announced that the company's Bitwise Hyperliquid ETF (BHYP) recorded approximately $19.05 million in daily inflows, marking the fund's largest single-day inflow since its launch. The fund's total trading volume reached about $22 million, with Horsley noting that most of the session's activity came from buying rather than selling. As reported by crypto.news, BHYP is now the largest Hyperliquid ETF in the world, with Horsley expressing his appreciation for the investor interest in the fund. The latest data shows cumulative inflows have reached $55 million, demonstrating sustained investor appetite for the HYPE ETF segment.
As reported by Kairos Research data, spot HYPE ETFs absorbed 1.04% of market capitalization within their first 10 trading days, placing them ahead of early spot Bitcoin, Ether, and Solana ETF demand on a market-cap-adjusted basis. The comparison showed Bitcoin ETFs absorbed 0.59%, Ether ETFs absorbed 0.41%, and Solana ETFs absorbed 0.31% of each asset's market value during the same early trading window. According to crypto.news, this data demonstrates stronger relative demand for HYPE ETFs compared to larger crypto assets, though HYPE remains smaller than Bitcoin and Ether in absolute terms. The latest performance shows HYPE ETFs continue to outperform Bitcoin and Ether ETFs, which recorded nearly $334 million net outflow on May 26 and $35.03 million in net outflows respectively.
According to previous reports, Bitwise launched BHYP on May 15 with a 0.34% sponsor fee, waived for the first month on the first $500 million in assets. The company has implemented a 10% management fee allocation to holding HYPE tokens on its balance sheet, mirroring Hyperliquid's structure where approximately 99% of protocol revenue goes through the Assistance Fund to repurchase HYPE. As reported by crypto.news, this fee structure creates a second demand channel beyond ETF inflows and staking rewards, helping Bitwise differentiate from competing Hyperliquid products like 21Shares' THYP, which drew about $1.2 million in first-day inflows. The latest performance shows staking rewards, zero-fee promotions, and strong buyer demand helped Bitwise overtake 21Shares in the HYPE ETF segment.
According to SoSoValue data reported by crypto.news, the HYPE ETF inflow surge came as Bitcoin spot ETFs recorded nearly $334 million net outflow on May 26, while Ethereum spot ETFs saw about $35.03 million in net outflows. This contrast makes BHYP's performance more notable, as investors rotated into smaller, faster-growing crypto themes during weak large-cap ETF sessions. The fund's rise follows its May 15 debut on the New York Stock Exchange, with Bitwise listing the fund as available on the NYSE with appropriate risk factor disclosures. The latest data confirms the effect is meaningful for short-term trading, though it is limited to a niche HYPE ETF segment.
