HYPE ETFs have achieved a remarkable milestone by crossing $100 million in cumulative net inflows within their first 10 trading sessions, according to Farside Investors data. The funds added approximately $20 million in net inflows on Tuesday, pushing total inflows past the $100 million threshold. The early performance is led by two U.S. spot products tied to Hyperliquid's native HYPE token - 21Shares' THYP and Bitwise's BHYP. As reported by crypto.news, these products had already attracted $22.3 million in combined net inflows during their first week of trading, with more than $11 million entering the products on a single trading day.
The rapid institutional adoption demonstrates growing interest in altcoin investment vehicles beyond traditional Bitcoin and Ethereum products. According to Bitwise, Hyperliquid processed $2.9 trillion in trading volume in 2025, accounting for approximately 60% of global on-chain derivatives open interest. The platform's position among the most active venues in decentralized trading has attracted institutional attention. Bitwise has also announced it will use 10% of BHYP management fees to buy HYPE and stake the tokens on its corporate balance sheet, creating another structural link between the fund and the underlying token.
HYPE has demonstrated strong performance with gains of nearly 50% this month, trading near $59.84 according to CoinMarketCap data. Despite a 1% decline over the past 24 hours, the token's monthly performance significantly outpaces major crypto assets. The price movement has attracted attention to large individual trades, with Lookonchain reporting that one trader created a new wallet 46 days ago and used $5 million in USDC to buy HYPE, subsequently selling the full position for $7.51 million on Tuesday, generating a $2.51 million profit over the 46-day period.
Hyperliquid's tokenomics structure supports the ETF narrative through its revenue allocation. According to the project's tokenomics, Hyperliquid directs nearly 99% of its revenue toward daily open-market HYPE buybacks, creating a direct correlation between platform activity and token demand. This structure ensures that ETF inflows are tied to underlying platform performance rather than speculative market movements, providing institutional investors with a more predictable investment mechanism for altcoin exposure.
