21Shares, Bitwise, and Grayscale have reported that their Hyperliquid (HYPE) exchange‑traded funds generated $153 million in net inflows during the first month since launch.
ETF Performance Overview
The three regulated products—21Shares THYP, Bitwise BHYP, and Grayscale HYPG—have together recorded roughly $900 million in cumulative trading volume. BHYP and THYP dominate the activity, while HYPG is still building momentum. Investors track the HYPE price and volume trends to gauge the fund’s liquidity.
Staking Rewards and Token Participation
All three ETFs hold HYPE tokens directly and pass staking rewards to shareholders. The network currently stakes about 434 million HYPE tokens, representing roughly 45 % of the eligible supply. Based on present staking levels, the annual reward rate hovers near 2.25 %, with earnings calculated each minute, paid out daily, and automatically compounded.
Investor Outlook
Institutional demand for regulated exposure to HYPE appears to be rising, as evidenced by the strong inflow figures. The disparity in volume between BHYP/THYP and the newer HYPG likely reflects launch timing rather than a shift in investor preference. Market analysts expect the continued growth of staking participation to reinforce the appeal of these crypto‑focused ETFs.