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HYPE spot ETFs capture 1.04% market cap in 10 days, outperforming major crypto ETFs.

Market News
27 May 2026
Unchained
View Source
Bullish
pluang ai news

HYPE spot ETFs have absorbed 1.04% of Hyperliquid's market cap within their first 10 trading days, surpassing bitcoin, ether, and Solana ETFs' initial performances. Bitwise's BHYP fund saw a $19 million inflow in a single day, becoming the largest Hyperliquid ETF globally. The ETFs have attracted over $75 million cumulatively and maintained consistent inflows despite declines in bitcoin and ether ETFs. Strong structural support, including protocol revenue and buybacks, drives demand for HYPE, which recently hit an all-time high and ranks among the top 11 crypto assets by market cap. Competition for HYPE ETFs is growing with new filings from Grayscale and VanEck.

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