Hyperliquid ETFs Pull In $22.3 Million as THYP Volume Builds

CryptoProwl

Wed, May 20, 2026 astatine 11:35 AM CDT 2 min read

Hyperliquid’s (CRYPTO: $HYPE) archetypal U.S. ETF wrappers are uncovering a larger assemblage little than 2 weeks aft launch, turning what began arsenic a humble debut into 1 of the much intimately watched altcoin ETF stories of the month.

The 2 Hyperliquid-linked funds person drawn $22.3 cardinal successful aboriginal nett inflows, according to The Block, with analysts pointing to improving measurement and signs of integrated request alternatively than a azygous launch-day burst.

Most of the attraction is inactive connected the 21Shares Hyperliquid ETF (NASDAQ: $THYP), which gives investors vulnerability to HYPE done a accepted brokerage relationship portion integrating staking rewards. The money launched alongside the 21Shares 2x Long HYPE ETF (NASDAQ: $TXXH), giving U.S. investors some spot-style and leveraged entree to the token tied to Hyperliquid’s onchain derivatives exchange.

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The measurement inclination has go portion of the story. Bloomberg ETF expert Eric Balchunas said successful a station connected X that THYP’s measurement has grown each time since motorboat and is present successful the tens of millions, calling it a “really bully motion of integrated interest.” The array attached to his station showed turnover rising from astir $1.8 cardinal connected May 12 to $14.1 cardinal connected May 19, portion the fund’s past terms moved from $23.49 to $28.28 implicit the aforesaid stretch.

Bitwise added a 2nd U.S. merchandise days later, with its Hyperliquid ETF (NYSE: $BHYP) starting trading connected May 15. The money offers HYPE vulnerability with staking rewards done Bitwise Onchain Solutions, adding different issuer to a class that hardly existed a week earlier.

The increasing ETF enactment is landing portion Hyperliquid’s underlying speech continues to gully attraction from traders. 21Shares said Hyperliquid commands much than 50% of decentralized perpetual futures unfastened involvement and processes astir $8 cardinal successful regular volume.

The aboriginal travel basal is inactive tiny beside the largest crypto ETF launches, but the signifier is notable: Hyperliquid is moving from onchain trading venue to a public-market merchandise class faster than astir DeFi assets person managed.

Hyperliquid (CRYPTO: HYPE) is presently trading astatine $51.67 U.S. per integer token.