HYPE ETFs (BHYP, THYP, HYPG) experienced $29.8M in net outflows over 12 trading sessions (July 17 - Aug 3, 2026), with BHYP absorbing the majority ($22.5M). Despite earlier strong inflows totaling $283M, recent outflows and a declining HYPE token price (-22.82% in 30 days) pose a durability test.
Bitwise's HYPE ETF (BHYP) now has options trading on the NYSE, creating a regulated link between US equity markets and the 24/7 Hyperliquid crypto exchange. This connects ETF shares, US options, HYPE spot/perpetual futures, and Hyperliquid's on-chain economy, allowing for new risk management and trading strategies.
One month after THYP's Nasdaq debut, US-listed HYPE ETFs have attracted $161 million in net inflows. This success is attributed to limited US user access to the Hyperliquid platform directly, making ETFs the primary route for American investors, and the asset's robust tokenomics including auditable metrics and a fee-to-buyback mechanism.
US-based ETFs tracking HYPE saw a 50% trading volume increase on Wednesday, a rare phenomenon for new funds. Analysts attribute this growth to HYPE's outperformance against other assets and its strategic launch timing.
Hyperliquid (HYPE) price surged past $50, driven by strong early demand for its spot ETFs, which outperformed Bitcoin and Ethereum products on a market-cap-adjusted basis. The platform's expansion into non-crypto markets and its unique fee structure are attracting institutional interest.
